All Forum Posts by: Jay C.

@Jeremy Segermeister Would need to know more about the numbers, location etc. Dream house means different things to different people but it all depends on numbers and location. Feel free to connect I am local and can give better advice with more details.

Too afraid to actually get started and begin.

I am looking for a HELOC who will take a 3rd lien position.

No one knows for sure but I am in the “not in my lifetime camp for sure.” I will say though that using the argument if “banks are smart enough to loan on it” isn’t the best argument at the moment 😂

A lot depends on the market you are in. A lot of new investors don’t figure this out as it changes strategy a lot. If you are in a cash flow market a larger single property often makes more sense. In a strong appreciation market like we invest in SF Bay Area the more properties the more wealth created through appreciation.

If this is in San Francisco let me know I know a great attorney and u will likely need one. No doubt this isn’t the tenants first rodeo with such matters. As a few others have mentioned I would work it out with them stat.

This age range is pretty much the majority of SF housing stock.

3 month CD’s. Angel investing.

You are right to be worried I know a good number of people who sold and subsequently lost their money over time in bad investments. Keep what u got and use ways mentioned above to make it work.

If u keep the vault u may end up loosing a finger.