All Forum Posts by: Heather Wilkerson
Heather Wilkerson has started 0 posts and replied 31 times.
Post: Impact on mortgage rates Federal Reserve cuts rates to zero
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
Originally posted by @Zack Karp:
NO ONE is offering 30 year fixed rates at 3.0% today. Old news from a week ago. The Fed cut today does not automatically lower mortgage rates, if anything it stopped the bleeding of this past week. We will have to see how this plays out in the markets starting tomorrow.
We primarily have jumbo loans in San Francisco, as nearly all loans exceed the conforming loan limit. There are several big banks who are still offering these rates locally in SF on jumbo loans.
Post: Impact on mortgage rates Federal Reserve cuts rates to zero
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
Originally posted by @Ron Singh:
@Heather Wilkerson Thanks, could you suggest any lender I can contact for lowest possible intrest, feel free to dm, if you prefer.
also, on refinance primary residence what to expect around 3.25 or something ?
online resources shows all variety with huge range, so is there any reliable source where I can check most updated rates as of current day ?
Sure, sending you a DM now.
Post: Impact on mortgage rates Federal Reserve cuts rates to zero
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
@Ron Singh - Hi Ron, with jumbo loans, banks are being more competitive on purchases— several lenders I work with are offering 3% on a 30-year fixed. Refinances are slightly higher due to volume.
Post: Where are all the female investors and real estate agents?
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
Loving this thread! Realtor in San Francisco here. I invest both locally and out of state. Would love to connect with others in the area. @Kristina Sparrow - shooting you a message now. :)
Post: Rental brokers in San Francisco Bay Area
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
Yes! I recommend Rafael Davis at Chandler Properties or Vanguard Leasing Services.
Post: San Francisco rental - month to month or other new law impact
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
@Amit M. I wish that were still true. Unfortunately new legislation was passed on January 19th, 2020.
You can read about it here: https://my.sfrealtors.com/news...
Post: San Francisco rental - month to month or other new law impact
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
In addition to the statewide laws that were passed, the City of San Francisco also passed new legislation. It is good to be aware of both :)
There still may be options for you, but I would suggest leaving it month to month until you can consult with a local attorney to be certain.
Post: San Francisco rental - month to month or other new law impact
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
Hi @Stephanie T.! You are right that new legislation was passed. As of this year, condominiums of ANY age are now subject to eviction control. What this means is that just cause evictions are the only allowable method OR a tenant buyout. This new development is unfortunate in some cases—I have clients in the buyout process as a result. Happy to connect you with a local landlord rights attorney or dialogue further if you need.
Post: Development Project Financing Scenario
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
I would recommend checking with First Republic Bank to see if they would allow the owner financed land---they offer a construction loan product with a decent interest rate. I also have a local hard money lender that loans ~8.0%. If that is of interest to you, feel free to message me for their contact. Good luck!
Post: Starting Out But Feeling Stuck!
- Realtor
- San Francisco, CA
- Posts 34
- Votes 19
Hi Alexander! My husband and I live in San Francisco. We purchased a property locally, remodeled it (including adding a bedroom), added ~$300k in value, then refinanced to get cash out for investment properties out of state. We suggest the both and method. Use value-add property locally (and take advantage of the excellent appreciation rates) to fuel your BRRRR/long-term buy and hold investments in other areas that afford you more cash flow. Always happy to connect over coffee to brainstorm!