All Forum Posts by: John Novu

Thank you, I figured the same thing since my primary has always been intended for a rental. And it will cash flow on a 30 year when its time to house hack the next one

A little background first, I’m in Southern CA, It’s my primary residence and not my forever home. I currently have a $2050 monthly Mortage which I usually pay $2200. I found a lender at 3.0% for 15 years which would bring it to $2375 monthly. (Which I can afford)  Or 30 year at about $1500 or so. 

 the question is since I do plan on renting out and moving In the next 3-4 years do I go 30 year and bank the extra cash for a rainy day/ future investments. Or pay the loan down in 15 years be free and clear and basically break even on the rent in 4 years. 

Thanks you in advance for any and all input!

—John 

@Tchaka Owen

Thanks that’s my plan.

@Scott Schultz I would be up front about it plus it was all over the news from September. When you google the address it’s the first thing that comes up 

@Matthew Paul

I would say the same thing

@Corina Eufinger

I believe In California it’s 5years disclosure

I've found a house where 2 murders and then he shot himself in the house. question is, is this to much for potential buyers to deal with? it was a family member with serious mental issues. house is the worst in a great location ARV 400-425K. about 100K of rehab. potential of about 50K in profit or about 7500$ in Wholeselling it. (my personal plan)

Do potential flippers shy away from this horrible situation, or is it just another flip but maybe hard to sell?

thank you 

@Victor N. Thanks that what I thought

I own a tri-plex in a lower rental area. Not get neighborhood and tenants. Question is can I sell that property in a 1031 exchange for a primary residence. I’d rather rent out my SFH I live in now. I would want to take the equity of the units and put it on the down for a new residence.

As the year comes to a end, I’m in need for a CPA preferably a investor in San Bernadino/ Los Angeles County. New to investing this year and looking to see where I stand on taxes. Thank you in advance