All Forum Posts by: Dejan N.

Hi Cyrus, It would need to be a Portfolio Lender. Rate will depend on your friends credit and income. Is this cashout $100K or just rate and term refi? PM me I can do non-warrantable condo's

Justin Case are you talking about your personal income or income for your S-corp?

Welcome Julia, I'm in North Bay, if you like PM me I would be glad to help if I can. Are you looking to be an RE Agent or LO?

Tevis Verrett I too have "done time" in Milwaukee and Chicago for about 13 years, I don't even like to see pictures of the snow any more, as far as living I would never leave sunny CA!!

Ali Boone agree here 100%, if you invest in SFR and 2-4 units, getting proper insurance to protect you from any liability is much better then juggling multiple LLC's (tax return for each LLC!).

Also if something serious does happens and you find yourself in court, you will find out that attorneys are trained to pierce corporate vale.

As always check with a competent attorney if it makes sense for your situation.

Rob K I'm with you on the neighborhood, in WI I advertised for Sec 8 tenants, but in CA I do not, however in one of the neighborhoods in CA I get god amount of calls from Sec 8 tenants anyway, if they check out I rent to them.
George P. I generally get inspection with in the week. If the property is suitable to rent to non Sec 8 it will pass every time.

Paul Zofsak My bad I was thinking $152K was per unit; still looks pretty thin, make sure you have solid numbers for all your expenses, don't guess. Are the rents at market?

Ned Carey interesting study, have they published the study? would love to read it.I have noticed the same thing buy looking at my own records and my Section 8 tenants don't move as often if they move at all.

John K. I have Section 8 tenants in WI and CA and I have to agree with you that inspectors in WI will always find somthing to be fixed.

Timothy Leong Section 8 in CA pays very well, if you have a solid tenant screening in place, Sec 8 tenants tend to stick around longer.

Welcome to BP Uuri, income does not have to come from 9-5 but it need to be verifiable, if you report your income on 1040 and pay taxes, you should be fine. Feel free to PM me with any specific questions.

I didn't crunch the numbers, but just by eyeballing it I don't think they will cash flow with 11% down. What is your plan? Buy and hold or flip?