All Forum Posts by: Ian G.

thanks!

I am seeking refinancing of two properties:

Concord, California - seeking $400,000 loan, value is $500,000, and mortgage is $320,000. Seeking fully amortized loan.

Fair Oaks (Sacramento Area), California - seeking financing of $330,000 mortgage.  Current mortgage is $290,000.  Seeking financing for up to 5 years.

Both properties are non owner occupied.

I'm in California - and am looking for areas where homes are in the $300,000 to $400,000 range, with decent job centers.  I'm wondering if anyone has experience or knowledge of any markets that fit these parameters

any opinions on good markets to flip property in California where a good return on investment can be obtained?

I am seeking an equity partner for rehabilitation projects for single family homes.  If interested, please contact me with your goals for real estate, and we can see if there is a match in interests.

I am seeking a second mortgage of $200,000 for single family residence in the the San Francisco Bay Area - in Concord, California.  Funds will be used to purchase investment property.  

it depends upon your goals. I would personally pay down the HELOC first due to the rate.

You indicated that you are frustrated, but it sounds like you have brokers lined up.  What seems to be holding up your moving forward at a pace that you want to with investing?

It takes a bit of time to build relationships.  What is it that you need to locate?  Properties, financing, or other expertise?

I handle transactions for SFR and small multi units as an attorney atoned the close time in my part of the county is 15 days - no contingencies. In span Jose and other parts of the county a 30 day close with contingencies is much more common. Most properties move here very quickly. But property values are quite high and return on investment in current cash flow is harder to attain- but appreciation can be a big plus.

I was wondering if anyone had a feel for markets in the U.S. where current positive cash flow is more attainable