All Forum Posts by: Ivan Jimenez

Hello fellow investors! I bought my first investment property 3 years ago for 305K; I’ve completely renovated both units ceiling to floor. Refinanced this year:
286,800 - 1707$ - 3.62% Income 4140$
I bought another this winter:
215,853 - 1289$ - 2.86%  Income 3220$

Would it make more sense to pay the one with higher interest or lowest balance? I want to buy a third property/land to build my own home/buy my own home in the next year, haven’t decided. I feel there is more equity in the one with the big balance so I was leaning more toward the higher interest one anyway. Thanks for any help ahead of time!

So I closed on my first duplex property 2/8/18. I was able to move in after the tenant had left the premises. I just moved someone into the top unit 3/1/19 and switched utilities to there name. Looking for confirmation from people if I will be okay as I financed thru FHA intending to owner occupy and I didn't jump the gun/commit fraud? From what I understand it's a year but some are telling me it's actually 2. I want to make sure Im doing the right thing as I've now set my eyes on a second property and want to make sure I don't get into any trouble when they review my rental income.