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All Forum Posts by: Donald E Appleberry

Donald E Appleberry has started 16 posts and replied 138 times.

Post: VA loan refinancing question

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

@Benjamin Kruah

Hey man!

Yes, this is something you can do. However I believe you're limited to 2 or 3 times until you have to sell any previous residences financed VA at any point. I would verify with @Jon Lallande as he's my go to VA lender. But this is a good scaling strategy!

Post: Bitcoin Bubble - Crash

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

@Jonathan Davis

Same to you man! Glad to see another XRP army guy on here. Hahha. 

Post: Newbie in Cardiff CA looking to Connect with Local Investors

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

Hey brutha!

You're on the right track and at the best place to get some info! House hacking is probably most peoples realistic approach to getting started in a San Diego Market. I'm currently house hacking a 2/2 and I'm about to move over into a $1M Triplex in Imperial beach that will put me just over $1500 cashflow while living for free. There are deals to be had, but it takes diligence and searching. I hold Real Estate Meet ups once a month in Downtown as well. Feel free to come out to one. The next one is in January!

Post: Bitcoin Bubble - Crash

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

To summarize. Yes and No. BTC has its place right now and isn't a bad investment. However, I don't see it staying around FOREVER. It's the first of its kind. Also safe to say anything the government makes isn't going to be as efficient as a private sectors product. Speaking from experience. My Long investment in Crypto is XRP/Ripple. Everyone has their own opinion on which is best, but truth is that this is a new asset class and 99.999% of us have no clue what the future holds for any of them. Be diligent and thorough in your investing as always and be aware that the Crypto market is extremely volatile. High ups and low downs. Best of luck. 

Post: Evictions in San Diego

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

From what I've been seeing you can't evict for just payment failure. I'd reference your lease agreement and see if there have been any other violations and use that as your reasoning. Still pretty tricky with current times. 

Post: Part-Time Commercial Real Estate Agent and Active Duty Military

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

@David Pere 

I know a few commercial agents, but none active duty. Its seems more of a 9-5 gig from what I've seen. Also it's super tough right now because of the whole illness thing. (Not calling it by regular terms as IDK what BP's policy is on the ilness's info) But if you have and in I would say go for it! 

Post: To keep my California property or sell

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

Hey brutha,

Just to add on...Don't sell. You have a solid property in a great location. Most of my business in SD is VA/Investors. I always recommend holding for at least 5-7 years. Anything under that and you're cutting yourself short. Especially if you used $0 down. If you'd like, we can talk about management options for when you leave to VA.

Post: Aspiring BRRR investor from San Diego, CA > worldwide!

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

Hey Kristina!

Sounds like you're doing it right! I just came back from Ensenada, Mexico (business trip) and I absolutely love it there. My wife has family in TJ and Durango so we frequent often. Actually working on buying a property down there as well! 

Anyway, trying to build a location diverse portfolio is a pretty solid goal. Utilizing the BRRRR strategy for that is going to take ALOT of trust in your teams. People living a couple states away often have trouble with OOS (out of state) management and deal working due to this. I'm NOT saying that its a bad idea, but something to be aware of if these will be your first couple deals. Take the time to thoroughly vet EVERYONE involved on your team. Contractors, agents, lending, the works. Especially if you're going to be doing this outside of the country. Some lender's overlays might have some issues with that. **I'm not a lender so I'm just going to stay in my lane on that though. Hahha.

I'd recommend solidifying what the goal or purpose of the investment is. Cashflow, long term appreciation - buy and hold, INFLATION hedge (My big one with current circumstances) and buy according to that purpose. Obviously these all can play off each other, but typically in different orders. So prioritizing them is the issue. 

Overall I share a very similar goal. I did 2 OOS deals while in the military for the same reason, SD was to expensive for my blood. I wasn't an agent at the time and was diving in to get started. Shortly after I realized why so many big investors stay in markets like SD, Denver, and Washington DC. So now I'm about to close escrow on my first personal property in Imperial Beach. ($1M Triplex) - Inflation Hedge, long term appreciating asset, in a development zone, and high cashflow with Airbnb (1 month or longer). 

Last thing! I'm curious on if you've considered or looked at purchasing in places outside of the US? I'd love to talk more about it! 

Post: Military Real Estate Investing Meet Up

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

Call or text me at (417) 650-1409 when you’re here!

Post: Military Real Estate Investing Meet Up

Donald E AppleberryPosted
  • Real Estate Agent
  • San Diego, CA
  • Posts 144
  • Votes 145

Hey Everyone,

The meet up is still on but will be at a different location. “The Rey” rooftop.

801 A St, San Diego, CA 92101

Still at 6pm! Bring a mask for the elevator ride up. See you then!