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31 August 2020 | 12 replies
UPDATED STRATEGYBased on input thus far, here is my updated strategy:Use cash and a construction loan (if needed) to build and rent a 4th conventional unitRefi at conventional rates (original mortgage + construction loan + up to $900K cash out for a 4-plex)Build and rent 2 ADUs using cash outBuild and rent basement ADU with HELOC, construction loan, or cash outStart an ADU building business (there are at least 1,000 homeowners like me in Berkeley - I will meet each one) BRRRR small properties or syndications to cut my teeth with any remaining cash outConsider whether selling or exchanging makes sense once all rents are seasonedUse accumulated cash flow to buy smaller properties or syndications to establish teams in key citiesKeep my eyes peeled for jumbo cash out loans to enable much larger RE investments down the roadShield all RE investments from liability stemming from potential catastrophic losses to highly leveraged triplex in CaliforniaLastly, it will take a while but I intend to report back with successes and lessons learned as I move down my bucket list.
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31 August 2020 | 16 replies
I don't do any mailings whatsoever.
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4 September 2020 | 9 replies
(pun intended)You should not even entertain the idea as long as you are ship bound and out of pocket for that length of time.With that being said- I know people who are stationed over seas and manage their properties and it is no issue whatsoever, but in the vast majority of those cases not only did they have a direct line of communication with the states, but they also had the infrastructure in place (banking, contractor, plumber, etc.) prior to going overseas.
19 September 2020 | 17 replies
Any statement by any of them without any teeth is just chest pounding.
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5 September 2020 | 4 replies
I do not understand whatsoever).
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2 November 2020 | 76 replies
He has gone as far as to say that when you step on the carpet, there should not be any trace of dog hair on your socks whatsoever.
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25 August 2020 | 11 replies
But I guess many people here think that long term lease is pointless and provide no protection to owner whatsoever.
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26 August 2020 | 24 replies
If you have the equity you say you do, you are losing money by the minute the longer you keep this property.Let's look at the numbers:1 - I'll give you an even $100/month in CF, so that means you have $1200/year (my teeth hurt saying that) in CF...as long as all goes perfect.2 - 45% equity means nothing.
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26 August 2020 | 3 replies
It might be helpful to narrow down your preferred areas of the North Shore, which runs from Mokuleia to Laie.Lots of people expected prices to tank after August 2019 when the City's law against illegal STRs was given more teeth.