All Forum Posts by: Ken Maguire

Hello my name is Jarvae I’m 32 I’ve been in the navy 14 yrs and I’m booking to get into real estate as I get closer to retirement. My goal is to do out of state investing and tenant occupied properties. Im looking for advice on getting started. I look forward to hearing from anyone willing to help.

Jarvae, Congrats on taking the next steps to retirement and wealth building! Sent you a message to connect. Happy to sit down and answer any and all questions.

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San Diego, California

Quote from @Dan Garrigus:

Hi Jake! Awesome to hear that you bought your first home in 2020 and are ready to get in the game. One that I have been to is Meet Up SD Opportunity Knocks on Rosecrans. My team leader Kenny Simpson at The Simpson Team and his wife Krystle with Pacific Shore Capital have presented there as well pertaining to purchasing investment properties and how they finance their properties. Great group of people and lasting relationship can be made there.

Jake, I second Opportunity Knocks! https://www.meetup.com/opportu...
The next one will be in December. There is also Beers & Deals at Above Ash the 2nd Wednesday of every month.

Hope to run into you at one of them!

1 Vote

San Diego, California

Hi Laura,

Congrats on getting started on your portfolio!

A couple things come to mind for what you are asking. Specifically for your question of the extra 10%, you could see if the seller would be willing to carry and coordinate with them a repayment schedule you would both find reasonable.

The other way which is similar to the above for covering the other 10% is creatively finance deals(seller carry or subject to.) Those will vary depending on the seller's motivation for selling.

Hope this helps.

0 Votes

Typically, HELOCs are variable rates so given the current rise in rates make sure to compare the interest rates you currently have to the HELOC rates ( I would guess they are lower than the CC rates but don't know your personal rates.)

0 Votes

All Forum Posts by: Ken Maguire

Ken Maguire has started 0 posts and replied 14 times.

Post: Looking for New opportunities

Post: San Diego Meet ups?

Post: First time buyer/no down payment in CA or AZ?

Post: Home Equity Line Of Credit