All Forum Posts by: Lauren Heart

"In regards to an owner occupy situation it would be his main residence, therefore he could put down as little as 3.5% depending on the type of loan. Otherwise you are correct, if it was an investment it would be 20%+"

-However, we must not forget that one must still qualify to carry a loan on a $600k property!  :)

Welcome Carolyn!  

We are a great bunch here...and BP is chock full of great resources. 

Welcome to BP!  I too am interested in investing where I live here in Silicon Valley. I own mostly out of state buy and holds. I'm currently looking at the possibility of partnering to buy a multi. What areas of SV are you interested in buying in next?  

All the best,

Lauren Heart

Welcome Trieu!  You will find BP to be a wonderful resource!  Do you own any investment properties yourself, or do you have any desire to do so?

Welcome to BP Sanchit!  Congrats on your move and success so far. I have found that the more specific your key words are, the more likely you are to get correctly filtered alerts. You can also manage frequency in the Notifications.

All the best!

Lauren H.

Swanny, thanks for sharing your detailed success!  As a fellow educator...I find your story inspirational while continuing my climb up the real estate ladder.  All the best, Lauren

Like others have stated...I think it depends upon your market and the property. I supply stove/fridge but not necessarily DW or WD in OH multi-family.  In CA I would supply DW and stove as they are often fitted within cabinetry.  In one of my markets tenants always want to bring their own fridge and WD, which saves me on repairs and storage.  (SF homes overall seem to bring their own WD/fridge most of the time, and Mulit-family less so.)  Time to talk to a local investor or realtor to find out the norms for your area!

Lauren H.

Welcome Ryan!  I am a NoCal investor.  I would prefer to invest in my local market, but for now my purchases have been in Ohio for the same reasons as Michelle Mapp (who gave some great detailed info btw).  I'm continuing the hunt in my local market, as well as other states besides Ohio. 

Have you considered your end game first...and worked backwards how/when you want to get there?  Only you can answer this...and it often helps structure your process and plans for your next steps. 

Happy researching!

Lauren H.

Thanks for the invite Arlen!  I'm trying to move things on my schedule to free up Friday night. I hope to make this one!

Lauren

Thanks Mark!  So happy to be here.