All Forum Posts by: Alipate Moleni

@Damon D. to put it bluntly, this condo is what many investors would call a "dog." if you put 100k into it the ROI would be what 3%? ROE would be even worse? SELL IT! You can do so much more with that 120K.

@Ryan Guffey use this time to learn as much as possible and save as much as possible. I don’t know if you’ve read the book “the richest man in Babylon” but it talks about paying yourself first or setting aside at least 10% of your earnings for yourself each month before spending money on anything else, including bills mortgages, food or anything else... when you’ve saved up enough and feel like you know what niche you would like to get into you’ll be able to figure out how to manage your time accordingly and jump in. There are so many ways to invest in real estate that don’t require you to be available from 9 to 5.

@Chloe Dawn Murphy no but I’ve watched a few videos and I can totally see the upside. If done right it requires very little capital to start and can produce a huge return on investment. I used to live in Utah and have a lot of family over there and this strategy seems to make sense with affordability becoming a huge issue all across the state...

@Chloe Dawn Murphy I’m wondering if you’ve started flipping mobile homes in Utah and how it’s been going for you?

@Eric Veronica you were right, 4% isn't bad. I spoke with the bank that I have the HELOC with and they could only offer 4.25% rate. Thanks for the input.

I have 130K loan (4% interest) on a SFR rental. I have a $115k HELOC on this house and it is worth $315k. I was wondering if there was a way for me to refinance, just for a better rate (not for cash out), while still keeping my HELOC (and adjusting it if needed).

Has anyone refinanced there SFR while keeping a pre existing HELOC on it?

@Jhanel Wilson I created a listing on gosection8 but they still need to verify the address before they post it... and if they do it would actually be the first listing on gosection8 in my area lol.

@Jon Thompson Craigslist, Facebook marketplace, Zillow, trulia, realtor...

Just listed a 3/2 house for rent a few days ago for $1600/mo. The rate is a little above market because I am targeting section 8 tenants. I came up with that rate after weeks of watching the market and speaking with other landlords, pm’s, section 8 workers and even section 8 tenants. I WAS pretty confident that this was the “right price.” It’s been 3 days and not even a single call, text or email. I have 2 other rentals but this is the first one I have actually had to list.

I’m wondering if anyone else, with more experience, who has just listed a house for what they thought was the “right price” is finding it harder than usual to get inquires during this unique time.

I welcome any other advice as well, Thanks!

@Rebekah Keller THATS IT! Best response on this forum by far! Not saying that adults are a lost cause but if you want to have the most impact It starts with the youth.

This coming from a former youth counselor. Self fulfilling prophecy: When you tell at risk youth they are at risk of becoming criminal they will become just that... criminal. When you explain to them how they are victims of systemic inequality they will become just that... victims. When you put a screw driver in their hand, have them change a door knob, have them fix a leak, rehab a house, manage a property, build a house... SHOW them that they can be winners, they will become just that... WINNERS!

In my experience as a youth counselor it wasn’t the counseling, the programming, or the educating that had any real impact, it was the mentors who cared enough to dedicate their time and energy in showing the kids “how.”