All Forum Posts by: Marcos Gonzalez

Looking to start my first flip. Need some advice on how to find these deals other than zillow. Or zillow still a good place to find deals? When you do find a deal how do you guys reach out to the owner. Im located in Auburn Alabama.

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Happy to see Auburn / Opelika in the mix. Hidden Gem

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Quote from @Jordan Batchelor:

Looking for a little advice

I currently have a house hack that I purchased late 2020 with a VA loan with zero down. It has appreciated to at least 20% since the purchase. My plan was to refinance to a conventional loan with the idea of recycling my VA loan into another multifamily in the future. The problem is that the interest rates have gone up.

Numbers below

Original loan
Purchase price: 780K
Down payment: $0
Interest rate: 2.25%
PITI: $3,915

Projected refinance option

Loan amount 780K
Interest rate: 3.75% – 4.2%
PITI: $4458 – $4748
Monthly payment increase: $543 - $833

I’m in the San Diego market and currently getting $3100 for renting a portion of the property that will increase to $3300-3500 once current tenants move out. Once I move out of our space we’ll be able to get roughly $1500, so total rental value $4,600 - $5,000.

I’d appreciate any help or insight.

Thank you

For the extra cash flow I would. Plus freeing up your VA loan for the next project outweighs your current interest rate. Also keep in mind you wI'll be refinancing as an owner occupied which is perfect before you move and rent it. You will never get as a good rate on an investment property.

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Don't shop for rates, shop for an agent.

https://www.mortgagenewsdaily....

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@Silas B. Whats the purchase price and zip?

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How do these tax sales workout?

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Thanks for the info

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How are multi families in Montgomery?

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I need as well

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I invested in Auburn, but would love Birmingham, for me its hard to invest somewhere I don't visit regularly or know personally. It being only 2 hours away from Auburn I do feel the need to want to invest in that area as well. Im located in OC, I saw you posted this 2 years ago. Did you ever find a property over there?

3 Votes

Birmingham, Alabama

All Forum Posts by: Marcos Gonzalez

Marcos Gonzalez has started 12 posts and replied 60 times.

Post: Looking for Flip Deals! Non-Zillow?

Post: Top Real Estate Markets for 2022

Post: Do I refinance to HIGHER interest rate?

Post: How to choose lenders

Post: Who has the best interest rates RIGHT NOW?

Post: Who is investing in tax properties in Alabama?

Post: best areas to buy rental properties in montgomery alabama?

Post: Investing in Cash flow properties, Alabama big cities' suburbs

Post: Would anyone be willing to share their checklist with me

Post: Anyone in SoCal investing in Birmingham?