All Forum Posts by: Ciprian L.

$0 Utilities Paid by Owner if the property is occupied. 

If you have a vacancy, you have to pay for the utilities. If it happen to have a vacancy in the winter, utilities bills can be substantial.

@Account Closed  here is a link that explains the implications of a 401k loan.

http://www.edelmanfinancial.com/radio/april-19-201...

Hope it can help you in taking a decision.

@Amanda Hoening 

If you don't have the property on your tax returns for at least 2 years they will use  75% of the actual rent.

My obstacle with FHA financing was convincing the lender that I will use it as primary residence and not as an investment property. It was a duplex so maybe that had something to do with it too.

Hi @Konrad Lightner 

I just purchased a duplex in Burbank in May. It is far from "live for free", but I purchased it for the price of a single family residence and have some rent coming in each month.

I will send you a PM with the info of the agent that I used. She is very responsive and she is local, her office is in Burbank.

Good luck on your hunt!

Hi Jeff,

Please count me in + 1

Unfortunately I'll be out of town on 27th,, but I'll be at the Club in Action meeting tomorrow night.

You guys have fun on Sunday!

The 15th works for me too.

Yes, I have properties in Indianapolis. On one of them the taxes more than double in the first year compared with the previous year. Maybe it won't happen in the first year but I think they verify the homestead deduction every 3 years.

It's better to do your calculation with 2% for property taxes in Indianapolis when you are looking to purchase an investment property.

@Steve Cook Property taxes in Indianapolis are 2% for investors, around $96/mo not $42.