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Updated about 2 years ago on . Most recent reply
California living looking for investment properties
My husband and I own a home in California and we refinanced when rates were low. We took a cash out and are looking for an investment property. We were hoping to find one close to us which we could move into, live in for a year and then eventually rent out. But with housing prices so high, we started looking out of our immediate area. With this change comes challenges of finding the correct Realtor. We are hoping that through BiggerPockets we will find a knowledgeable investor friendly realtor, who can help us get to where we want to be.
Most Popular Reply
Hi Kaela,
It depends what price point are you looking for and perhaps you can move out to you current primary and convert it into a rental. If you have a lease to show and valid to 6-12months, you will be able to use it as a qualified income = more borrowing power. Our team work closely with investors and we are investors ourselves specifically in multi-family. I am located in Seattle, WA however our team members @Albert Bui @Carlos Valencia are located in OC,CA but it's definitely a long distance from San Luis right? Anyways, happy to help and support you in any way!