All Forum Posts by: Alice K.

@Ryan Murdock Wonderful job!!
I was wondering, how long did this project take you? Did you have any help / hired out work for the project?

Again, loveeee it. The flooring and updated bathroom looks fantastic.

This one shouldn't be too hard at all (knock on wood).

For the laws in the states I operate in you must provide a written reason.

Even if it isn't documented, you can say that she provided false / missing information if they ever ask. (Most rentals don't have a strong paper trail for mom and pop shops.)
I would keep record of why in your personal notes.
You can simply google "Adverse Action [the state of your rental] pdf".
Below is a sample of what they tend to look like:

That happened to me as well. I had a 5% quote from one lender (second home loan, not primary).
I would just get the loan if you know the numbers still work. 
By the end of next year, the theory is the rates will be even higher.

Here is something that may help you visualize just how that new interest rate will affect you. 
I'm sure you've already run the numbers, but found this helpful myself and perhaps it will help someone else looking who is just getting started. (The thought by the analyst was that 6-6.5% is probably not likely for 2017. But, it's all speculation. Who knows!)

Oh man-- Sounds like a hard life-- So sorry! But congrats on the savings?!
I'm assuming you paid off your "bad" debts. 

EVERY single week I think about what I would / should do with my paltry savings. 
Here are my thoughts:

1. Invest in one 100k cash-flow positive property for a rental first in a B/C+ location (using bank money). 

2. Then, find and complete a cheap flip-worthy property since you know homes. 

3. Then take the results and analyze how much stress you had to endure for each and the cash return. Select the method that was the "best" for you and repeat.

4. SAVE 6 - 8 months of that 300k money for yourself! Just in case! 

5. During this time, with any excess money, stick it into a self-directed IRA/401(k) (401k is a better deal for self directed as far as fees). Just in case you accidentally bankrupt yourself.

Startup thoughts: If you are fine flushing money away but think you have a good grasp on something missing online, you could use a tiny portion to try your startup idea if it's really killing you with the expectation you will fail (because most just fail). The designer and developer are key. You could buy a defunct site as well. 

I have several tech friends who quit their cush jobs with dreams that they'd be bought out or become millionaires and I ponder they should stop and go get jobs again (it's been many years now and I don't think they're making enough to really live on). Who knows though, maybe someday they will be millionaires in a posh 1.5M condo next door to me. :) 

@Lynn Currie That would be so wonderful-- I'll be your first viewer! :)

@Brie Schmidt: Haha! Also, right after you left, people had some great things to say about you :)

Congratulations on all your successes Brie!!

When I first saw you at J's RE Convention, I thought: "She is so confident and so positive!"
Truly a role model for all us women in the industry!
Thank you for sharing your stories and the great laughs. 

@Srikanth Reddy You (and your architect) are wizards.
Let me just add you to my "SF Investor Magicians" Google spreadsheet. (Haha)

@David Erjavec Nailed the data.
Here are some subjective thoughts from the tech people as I am there often and know of others moving in gradually :
"I love dogpatch."
"The climbing wall is great!"
"We're near Whole Foods"
"I just use Lyft to get to work"
"It's a lot quieter"
"I love the BBQ & Beer garden"
"Parking is easy"

It is a place that has and, I believe, will continue to be on the up and up.
Every quote above is the ingredient for tech hipsters and some high prices.
Now, if your buddy's place isn't dated / could collapse during the next little earthquake / on landfill, then I would certainly consider it!

I like your style... Everyone is right, hot market.
Wait until it dies a slow death or just place a full-on offer.
Sounds like SF, where you're lucky to get selected if you only give a full price offer with all the strings attached (contingencies / loan).

Perhaps previously it was everyone puffing up real estate, but there has been a definite low supply of property, so one would be hard-pressed to point fingers this year. 

There could be buyer love letters involved as well.