All Forum Posts by: Cindy Margheim

Ned,

Thank you for the welcome. I have read through the beginners guide and learned so much. I'm trying to find my niche and work from there. Will continue to read and learn while finding my first deal.

Warmest regards,

Cindy

Hello everyone! My name is Cindy Margheim and I have been on Bigger Pockets for a few months. My goal for 2014 is to begin my investing career this year. My goal is to invest and flip my first property and use the proceeds as a leverage for subsequent properties. I am looking forward to connecting with investors in and out of my area, contractors, and etc. to get insight and feedback as I begin this journey.

I am ready to learn, implement and be a savvy and successful investor. And shooting to replace my existing work income with real estate income in the next 5 years.

This is a fantastic sight and I hope I can contribute to it as much as possible!

Great feedback! After our mom passed, we were just wanting to hold it for a while because there was hardly any equity on the house. It doesn't need any major repairs. Fresh paint job, carpets cleaned and minor stuff to get it ready for market. If we can sell it at the price range Corey has mentioned, we would definitely have some equity to gain. I'll meet with my broker and go from here.

Thanks everyone for the help!

@ Corey - thank you for the question. House is located in the 97236 area, Powell Butte. It was built in 2007 I believe. 4 br, 3 bath.

@ John -- thank you for your answer. May I ask why the house would have no chance to be refi? I'm not savvy in this area.

Thanks guys! Appreciate the feedback.

Hello. My 3 siblings and I inherited my mom's house after she passed away in 2008. I have it as a rental and receiving $1,500 in monthly rental payments. After the property management company takes their 8% fee ($120) we get $1,380 to cover the $1,377 mortgage. The house is in a trust with all the siblings names on it.

I am trying to refinance and get it out from the original loan at 5.35% interest. The goal is to lower our mortgage payment to gain a better cash flow. Right now, we have no cash flow.

1. Anyone know what financial institutions will help refinance a house under a trust?

2. What ideas do you all have to increase the cash flow of this house?

Location: Portland, Oregon.

So grateful to have this site! Thank you everyone!