All Forum Posts by: Tarcisio Mora

I'm not professional but it seems like it is not a good deal my analysis has you loosing money. It meet the 1% rule of thumb or the 50% rule either.

If you do a cash out refinance or a HELOC you can borrow in most cases up to 80% of the appraised value minus what you owe on the property. So if the home is worth 180k, you owe 60k you can cash or borrow ~80k

Welcome to BP and thanks for educating our youth. What are your goals with real estate investing

@andy thoman, I was speaking in general terms and that's why I started with "for the most part" but I guess that if you are not looking at the median home prices and look at the top end and bottom end of the market, you are right. And that probably makes more sense to consider each deal on its own rather than overall in general. Sorry still learning

You don't have to sell your property to put that equity to good use. Selling will cost you money in taxes. You can cash out refinance to use as a down payment and leverage the rest

For the most part closing costs are usually between 2-5 percent.

How Mach equity do you have in the properties?

I'm surprised by the response, it shows be how experienced investors look ahead at potential problems. I was just thinking about the upside. This is what worries me about buying my first property is not knowing what I don't know, even though the i know the best way to learn is to get in the game and figure it out

Matt K. Thanks for the article.

I have recently been looking at the new high speed rail starting to get built in the Fresno area. It seems like it will be a positive thing

for the central valley, would it be a good idea to start considering properties along highway 99 to get in the way of progress, and so

when?