All Forum Posts by: Igor Musiyets
Igor Musiyets has started 1 posts and replied 6 times.
Post: Looking for an investor friendly realtor in San Diego area
- Posts 6
- Votes 4
I am looking for a partner agent I can refer clients to in SD area. I currently have 1 listing in contract for a buyer who's selling here locally and wants to move to SD area within the next 1-3 months. Preferably someone who understands who understands investing.
Looking forward to some responses. Thank you
Originally posted by @Mark Seery:
Originally posted by @Igor Musiyets:
Did you look into Sacramento?
No. Thanks for suggesting, I will take a look
Check it out. A large portion of my clients are out of Bay Area, buying up properties here in Sacramento. And every one of them is telling me it's hard to make the numbers work in the Bay that's why they invest here. It's close enough to SJ, it's the capital city of CA, our job market is very diverse, we have an incredible shortage of housing so rentals are in huge demand, unfortunately 600k duplexes are out of reach for most local residents, but very affordable for Bay Area investors.
Btw, if you're interested in a BRRRR- I have a fourplex coming up for 750k-ish with an ARV of 1.1-1.2m.
Did you look into Sacramento? You can purchase a nice duplex here for 600k which should cashflow around $3800/month for you.
Or, 3 duplexes with 25% down on each and still have about 150k left over for expenses. If your income can support 1.3m financing of course.
Post: EXPERIENCED INVESTOR MEETUP in ROSEVILLE or FOLSOM??
- Posts 6
- Votes 4
Hey Marty! I'm also a buy and hold investor in Sacramento area, love talking real estate and connecting with like-minded people. Let's grab a beer!
Post: Need a Russian speaking agent in CA!
- Posts 6
- Votes 4
Hi Tanisha! I speak Russian fluently and I'm a top producer in Sacramento/Placer area. I'd be happy to help if you didn't find anyone yet.
Thanks
Igor Musiyets - Realty One Group
Post: How Much Do You Have In Reserves?
- Posts 6
- Votes 4
Speaking of reserves maybe someone can chime in. I'm in the middle of doing a straight refi, with an additional HELOC. I do realize if property values drop banks can close the HELOC account, should I instead do a cash-out refi and pull some money out now?
The difference is that I’ll have to pay monthly payments on the whole refi amount vs only pay when/if I use HELOC funds.
I have about 600k in equity. Was thinking to open a HELOC for 300k just in case something interesting pops up. But with the possibility of having the Heloc account closed when I might possibly need it, should I do a cash out refi instead?