All Forum Posts by: Taj Hayden

@John Warren wow! didn't know that kind of refresh may be possible.  Thanks for the tip!  Gathering docs for a credit union that responded the same day I submitted my app so we'll see what happens.  I also connected with another BP member in WA as a back-up in case I don't like what the credit unions offer and we can work together on refi's for rental properties in the future.

@David Hunter. Yes, unlicensed.

@John Warren Good point. My wife has MLS access so I could have her set up a search based on my criteria. By the time something pops up my Heloc could be in place and I'd be able to act quickly.

@John Warren Thanks for the input! My plan is the same (to get me in the game) although I don't have a property identified yet. Would love to hear how you went about the four in IL as eventually I plan on buying in the midwest (more likely in MO based on who I know there). There's an area of STL that I'm interested in that has duplexes listed for $73K and although I may not source the deals from the MLS those numbers aren't too bad as they appear to meet the 1% & 50% rules. I could purchase one, be cautious and wait 6 months to see what surprises pop up and then go again.

@Jordan Decuir I know of one credit union in WA that offers 100% LTV so I will call them as well. I suspect that 100% = 720 score and mine isn't there yet but I'll get the data and then that may be an option in the future. Thanks you for writing!

Hi all,

About to speak with local banks/credit unions about a HELOC on my primary. 80% LTV will do but I'm wondering if I will kick myself later for not going 90%. Has anyone started out at a lower LTV only to regret it later (and missed deals because of it)? Thank you.

Taj

Hi All,

I'm trying to determine a typical bonus structure for a RE Assistant (paid hourly).  This is not to be confused with a Transaction Coordinator.  There is a slight nuance to this situation however: the assistant is actively participating in creating policies and procedures for the office and will grow in title/responsibility as the office grows.  Thanks for your thought in advance.

Taj

Congrats @Paul Weathers! I like what you said about the referral network. Sounds very similar to David Greene's book/podcast about out of state investing. Check it out if you haven't already. I also like the wholesaling to generate cash, etc. Would love to hear how you went about wholesaling.

I listened to the podcast on 12/24 and bought the book at first mention to receive the bonus content.  Perfect timing as I'm sharing some of the info with a friend in CA who's also dealing with a hot market.  He's on Chapter 5 and I'm on Chapter 4.  Very helpful so far!

Simple but effective. Thanks @Brent Combs.

When you find a forum thread with great info you want to save, is the best way to do this by simply hitting "follow" or is there a better way?

Taj