All Forum Posts by: Christopher Duron

I just posted the same/similar post.  Let me know if you get an answer and I’ll do the same.  Where are you in California?

Hello all of you smart people.   I need some help.  I may have an opportunity to purchase a portion of a plot of land.  First, I would need to know if this is even possible in San Diego City.  Does anyone know if it is possible to buy a portion of someone’s lot. For example, could I buy 5000 square feet from a 15,000  sq ft lot.  Lot details: zoned for single family, no improvements/land only, has curbside access, all utilities nearby.  

If it is possible, Where do I start? 

Any information I could get would help me tremendously.  I can’t wait to pay it back or pay it forward one day.  

Thank you.  

Respectfully,

Chris 

Thank you all very much.  

The property referenced is an investment property with 4 units that my business partner and I have a schedule E for.  

One more question on this, will me living in one unit  and getting a “primary residence” rate affect the interest write off?

thanks again. 

Hello Everyone,

I am considering a cash out refinance and I came across an article that states I must utilize the money from the refi to improve the property or buy another property to ensure the mortgage interest is a write off. 

Does anyone know the accuracy of this?

Additionally, if the money must be used for the above reason, does it have to be used in the same year as the refi?

If there is any other information I should know, please let me know.  

Thank you very much. I appreciate any help I can get.   

Hey Twana.  Sorry for the late reply. I need to log into this more and show that I’m serious. 

That is random. Small world on multiple levels. Yes that was my business partner and those people you helped are awesome. We’re getting along great. 

Thanks for the kind words on the remodel- We have been working 24 hour shifts at our jobs then going there on days off. It’s been crazy. But, we’re ready to rock and roll again.  We’re ready for 25% down. I’m hoping we can get a win win deal. I’m thinking get someone a great sale price or get someone out of a headache property while getting us a better interest rate than conventional lending. Maybe I’m just ignorant to the game though- but I’m setting it as a personal goal. If you are ever around the property, stop in and say hi. We’re finishing the rear units now. And if you come across anything that you want to send our way, please do. We’re serious and capable.  Thanks for reaching out, much appreciated. 

Thank you very much. Great info. 

I am looking for a seller financing deal in National City or San Diego, Ca. I know that’s super specific, but I figured it couldn’t hurt to ask. 

My business partner and I are firefighters in National City and we want to provide nice, comfortable, updated, well maintained homes to the community we serve. 

I’d love the opportunity to chat, learn, build a trustful relationship, and create a win win situation for all parties involved.  

Thanks Maxwell. We’re moving forward at this point but I’ll definitely take the contact info for the attorney. Thanks for letting me know of your circumstance.  I hope this doesnt take a year but I’m in no rush. As long as we close with a vacant property I’ll be happy. Thanks again.   

Thank you both.  Much appreciated.

Thank you sir.