All Forum Posts by: Li Ou

@Jeff S. I couldn't agree more with your final thought 👍

@Chris Seveney No, I haven't. What I meant was if there's someone who has a good project but needs more capital, I can pitch in. I definitely don't want too many people to get involved, 2-3 would be perfect. 

Hi guys,

I'm wondering if any people out there using crowd funding instead of using hard money lending for house flipping, by saying crowd funding, I mean several investors pitch in to buy a property and renovate it, and share the profit after it gets sold? I'm in the Bay Area, houses here cost millions of dollars, so the bar for fix and flip here is quite high. You can't fix and flip a property by yourself even with 200k - 300k in cash in hand, but if a couple of like-minded people come together and pitch in, it's doable. However, it seems not a lot of people out there are doing so. The reason I ask is that I've been investing with a few private money lenders and receives 10% in interest, but if I can invest that money into a fix and flip project, the gain will be higher.

Hi, guys, I want to become a lender (investor) for private lending in the Bay Area, I'm currently investing with two hard money lenders, but wanna build more connections. Are there any good lenders that you are currently investing with? Thank you guys in advance

How much higher is the landlord insurance? I’m in the same boat as you, I’m also in the Bay Area, but I’m in Pacifica

Thanks for all your guys' input, it sounds promising to get a lower rate in the future. I'll hold on to it for longer 

As far as I remember, one point can bring down the rate by .25%, and most banks won’t let you buy more than 2 points. Is that the case? Correct me if I’m wrong 

I bought my home 2 years ago with a 10/1 ARM in the San Francisco Bay Area, Pacifica to be exact, rate for the first 10 years is fixed at 5.875%. Thinking of refinance it to a 30 year fixed just don't wanna take the risk of potentially higher payment after 10 years. LTV less than 60%, credit score 750. Any chance there's lender out there can pull off a refinance loan at a rate under 6%? Thanks in advance

Hi, fellas, I'm in the San Francisco Bay Area and own a home, I have a home owner insurance for my property now, but since I don't have any vehicles under my name, my insurer doesn't issue an umbrella policy for me. I did my research and found RLI issues standalone umbrella insurance. Do you guys have any experience with them? Or do you guys know any other insurer would issue a standalone umbrella policy? Thanks in advance

 
Thanks for the input. What percentage do you consider as high down payment? Could you give me an example? Let's say if I wanna purchase a four-plex in Mountain View that's worth's $2 million, how much down should I put? I've been keeping an eye on the MLS, and found that if I 30% down on a four-plex, live in one of the units and rent the other units out, it barely cash flows.