All Forum Posts by: Heather Wilkerson

Do you have enough equity for a HELOC? I highly recommend CJ Kerls with Guaranteed Rate. He is mortgage broker based here in the Bay Area and is often able to make difficult situations work. Feel free to message me for his direct contact.

@Jessica Jones - that is great! I have a client in SF who is having phenomenal success renting a condo near Mission Bay to traveling nurses as well. Such a good strategy, especially because you are not classified as a “short-term” rental if the term is 30+ days. I’m curious — are your occupants working in Richmond or commuting to the City?

@Ron Singh

Is there vacant commercial space in the building? If so, I would focus more on multi-family as the City just initiated penalties to owners of vacant commercial space.

Also—neighborhood matters for appreciation. What neighborhood is the property in?

@Liz Richard - and congratulations! Very exciting!

@Liz Richard — Sandra at SmeedCPA is my advisor and is doing a fantastic job.

@Thomas Smith — Sandra at SmeedCPA is fantastic.

Leigh Ann -- have you setup a long-term investing plan? My husband and I are doing the Wealthability plan through Tom Wheelwright and loving it. It helps you think through how to allocate your assets to achieve your goals the fastest. Tom Wheelwright is a Rich Dad Advisor.

That said, with interest rates as low as they are, if you are able to get fixed rate mortgages and take cash out, I would suggest that. Rates really can't get much lower.

Hi Avi. You should definitely be able to count rent as income. I use CJ Kerls with Guaranteed Rate here in the Bay Area regularly -- he is a mortgage broker and is able to find a bank to finance in many different situations. Shoot me a message if you would like his email/phone number.

If your intent is to invest for appreciation, San Francisco is still an excellent place to invest. In the City, we have a massive housing shortage and incredible demand. There are ways to be creative with the goal of obtaining cash flow as well. The most successful investors in the City are seeking options that allow for the buildout of additional units. The City has fast-tracked ADUs (additional dwelling units)--seeking a multi-unit building with an existing vacant garage with the ability to build out one or more ADUs is an excellent strategy. As tenants turn over time, you have the potential for substantially increased returns.

@Alyssa Weber, I am also an out of area investor pursuing the Louisville market because of relationships there! Do you mind sharing the name of the lender that you ultimately used? Thanks!