All Forum Posts by: Luis Vaca
Luis Vaca has started 6 posts and replied 87 times.
Post: Need a place to invest $500k

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
@Dan Engberson I'd recommend spread it in a few syndications that cash flow.
Another option is dividend stocks but not sure how open you'd be to that
Post: Multifamily newbie looking for advice

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
Set up some keywords for the locations you want to invest in and you'll get notified when people post about those locations. Also you can just search the forums for the locations you're interested in and you might find some meetups available for you to join.
Post: Santa Clarita Mastermind

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
Sounds good to me
@Alexis York I've been looking for something similar. It's probably best to stick with the SFH 4 bed and attract good roommates.
Post: Santa Clarita Mastermind

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
I'd be interested
Post: Interested in Las Vegas , help me with areas to choose

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
Nice post @David Galie , I admit i usually have ignored North vegas as i am looking to move there in the near future. I basically have explored every neighborhood EXCEPT north Vegas, lol. Are you looking for those 10 doors strictly in Vegas?
Post: Refinancing your Fannie/Freddie mortgage will cost more now

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
So it's an an increase of 0.5%, which is an extra 500$ for every 100k loaned out. They probably figured they could take advantage of real estate since it's doing so well! BS
Post: California market current - 6 months

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
Great points by @Dan H., and if the White House decides mull any capital gains tax you can add those properties to the possible increase in inventory as well
Post: SBA EIDL loan for investment property

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
Copy and pasted some info below. Though depending on how much you receive they probably won't check what you spent it on.
EIDL advance: permitted uses
Your EIDL advance will not have to be repaid provided that you use 100% of the money for:
- Paid leave
- Maintaining payroll
- Increased costs of materials
- Mortgage, lease, or rent payments
- Other obligations that can't be met due to revenue loss
EIDL advance: non-permitted uses
You may not use your EIDL advance (or loan) for:
- Replacing lost sales or profits
- Business expansion
- Refinancing long-term debt
Post: Should I sell my property for profit and reinvest?

- Specialist
- Oxnard, CA
- Posts 92
- Votes 32
I sold my primary for the same reason. Refinancing it would not make it cashflow once i rented it. HELOC was an option that was attractive but at the end of the day i chose to sell. Plan on investing most of it in syndications, and house hack my next primary.