All Forum Posts by: Travis Wagner

We str a room in our home in Ventura county. It does pretty well for us. But Home prices are so high right now do you think you can make a profit?

Are you looking in Ventura only or all over the county. The farther you get from the beach the lower prices seem to get. And personally we need to be pretty price competitive to keep our occupancy around 75%

Good luck! we hope that the county doesn't go to crazy on us. We love str and would love to see how things go for you

Here is a link I'm sure you have seen of the regulations recently passed

https://vcrma.org/short-term-rental-temporary-rent...

Should I put in more applications. Any suggestions on where to look to? (More big banks? Credit unions?)

Should I be doing pre approval at the same time for a purchase?

We have 760+ credit scores does running to many numbers make us in risk of dropping below 740?

Its a pre forclosure. It has non structural concrite damage in the back yard. A bathroom remodel that is not completed (in usable bathroom) stucco damage on exterior and exposed slab from in finished flooring project. 

Her ex was a diy guy that has a lot of partially completed projects.

I am an electrician/ general construction worker. I'm thinking 25,000 in material costs for me to do the work. But in the condition it is in we could still move in and airbnb one of the rooms like we do now in our current home 

Us bank said our current debt to income is 23% so we are pretty good on that front. We have good sized savings and 401k. 

@matt We were told if we had 6months reserves for an investment/rental we should be ok.

Thanks guys

Hi everyone, been loving the biggerpockets podcasts and wanted to introduce myself on the forums.

A little about my wife (Ashley) and my situation.

-owned our primary residence for 4 years

-interested in making an offer on a friend's fixer property, they selling due to devorce.

- owe 330000 on our house it is worth 480000

Looking to cash out refinance to put down payment on a new loan

Quick question

I have submitted cash out refinance applications with usbank (our current mortgage holder) and peeny Mac online.

Any suggestions of other places to look for a down payment for a new house. We plan to rent out our now primary residence and live and fix up this other home.

Is it a bad idea to shop for refinance and pick the best deal or will most be equal. 

Once we get a cash out approval we will be looking into prequalifying to make an offer

Hope I wrote this ok. I'm very new to investing in real estate and would love some help. 

Thanks,

Travis and Ashley