All Forum Posts by: Christian Cambridge

 I appreciate the support. 

Thanks Rick, this is very good insight. I purchased the home in Dec 21 so there isn't much equity yet. I was hoping to get the CalFHA grant, but that didn't come to fruition and I don't know the next time it'll be available. I'll need to put a lot more thought into my next step.

Hi John, I'm planning to move my mom/grandma into the primary and move into the ADU once completed as I don't need much space. Not sure how much this will increase my mortgage which is why I'll need to run numbers ahead of time. I don't see myself selling the home anytime soon, but want to make sure I have enough to put down on another home once I start at family.

 Hi Andrew, I'll message you. 

Greetings all,

I'm considering a home renovation loan to convert my garage into an Accessory Dwelling Unit (ADU). The loan will change my current interest rate, so I want to make sure that the return is worth doing the renovation loan. Is there a Bigger Pockets or other tool (i.e. Rental Property Calculator, Mortgage Calculator, etc.) available for running the numbers for an ADU done through a Home Renovation Loan?

I’m reaching out for guidance on purchasing a 3rd property.

My investment property (1st property) was purchased out of state for 150k a couple years ago and cashflows $200/month. I purchased my primary residence (2nd property) last year. During the pre-qualification process for the primary residence, the lender did not count the investment property as debt because the monthly payments did not come directly from my personal account.

I now want to purchase another investment property (3rd property) in a more affordable market with a partner and assume that the primary residence will count against my DTI. What can I do to ensure that I still qualify?

Thank you @Account Closed and yes, that's true. I'm still considering Houston since I have a team out there who have helped me manage the first property. Atlanta has the slight edge right now because I have an option to live there and would possibly house hack the property I purchase.

Greetings all,

I'm looking for guidance on how to transition to a second investment property. I purchased my first investment property (single family) in Houston in June of this year. The property was purchased with a conventional loan and is being rented out. I am now interested in purchasing a second property in Atlanta. I have enough to cover a second down payment + closing cost and other miscellaneous expenses and want to know if there’s a certain amount of time that I must wait before purchasing a second property or if there are additional things that need to be considered. Thank you in advance.

Hello all,

I'm interested in purchasing property out of state and would like to better understand the FHA guidelines. Although I currently live out of state, I plan to partner with my brother who will reside in the property. If we purchase together, are we able to qualify for FHA as it will be his primary residence or do we both have to live in the property to qualify?

Thanks, in advance.