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All Forum Posts by: Van Edward

Van Edward has started 2 posts and replied 15 times.

Quote from @Vincent R.:

My wife wants to move! I'm guessing we're in a similar situation to you. We don't necessarily need more space, we just bought an older home that can use some TLC... We've already done a ton, but she wants more 😅.

I'm trying to delay pouring (more) money into our house or moving until we have some assets to pay for said upgrades... without getting myself in the doghouse.

I share our situation to say: if you can delay gratification... you'll be able to build up more equity in your house. There may not be a market crash/correction (or... there may be one), but with more equity in your house, you can refinance, get a lower payment, and then make decisions on what to do with more cash to finance whatever you choose, be it renovate or move.

Yeah, inflation... yeah, quality of life... but it's worth weighing the option of holding tight.


 Thank you sir, I appreciate the advice. I just don't like the feeling of being stagnant and sort of paralyze while others are making moves.

Quote from @Greg Scott:

What housing market correction?   We've been under-building housing for over a decade.


 So you do not think that there will be a correction is the housing market despite the feds increasing the interest rates? 

Post: Looking for deals in Barstow

Van EdwardPosted
  • Posts 15
  • Votes 1

What about Bakersfield?

If you were to choose; to renovate  your existing house (complete knock down) to add more rooms and value to the house (with no additional doors to add to the property)? OR wait for the housing market correction and invest your money into buying another property? Can you give me some reason on why you pick it?

Thanks 2022.

Question: I am a beyond beginner trying to dig in to real estate to have a piece of the American pie for myself and my family.

I am trying to completely renovate my property in Los Angeles, how would I go about on how to finance my renovation?

Also, any tips on how I would qualify on the loan? (good credit?)