All Forum Posts by: Lawrence S.

Long story short, I was unaware of some building issues of a SFH in CA. This portion of the home will likely require demo per the city. We have a tenant in a 2 year contract, they still have 1year and 8months left. They live in a portion of the home which is attached to the part which will likely require demo (they do not have access to the demo portion).

How do we go about this? What happens if we must terminate early? What costs do we have to pay them? Is there any way we can delay demo for another year? 

We are first time landlords and are learning a lot from this stressful process.

I just find it mind boggling that our tenants had this type of request. 

My question is, can tenants even create their own addendum to an already signed lease that I created?

Thanks!

My questions is as above. 

I have a HELOC on a primary residence at prime.

I am also approved for a 30 year fixed conventional mortgage at 2.89%.

The HELOC and loan are the same amount.

I am getting mixed messages on which to use. Some are saying HELOC is better because of its simple interest/average daily interest versus conventional has compound interest.

I am thinking conventional mortgage is better b/c of lower fixed rate with no variability. I will be paying extra monthly in either scenario.

Any advice would be greatly appreciated!

Thank you @Henry Kusuma!

thank you everyone for your insights!

My wife and I are based in San Francisco. My wife is currently attending school in LA for the next year to complete her MA in Nursing. We have begun our search for OOS investment opportunities and have actually limited our search to 3 cities now, but given the fact that she will be in LA for awhile and that traveling across state may not be as accessible/easy given the pandemic, we are now looking into SFH in LA as well.

My question is are there any neighborhoods or surrounding cities that may offer a long term buy and hold opportunity with good cash flow through rent? We may also eventually move there (who knows?). My wife may even live there for weekends at a time while she is in school. Ultimately, our short term would be to rent it while having the option for my wife to live in the house while she is in school.

I've done research into LA and Anaheim and the RTV doesn't seem very favorable to me even though everything else looks good such as economic, population, and job growth. 

If anyone knows any experienced and trusted realtors or any investors in the area. Any help would be greatly appreciated!

@Alex 

@Alex Olson we are indeed looking at KC. We are also looking into Memphis, San Antonio, and Oklahoma City. Would love to receive some info on KC! Will pm shortly.

@Hai G. San Mateo! I went to highschool at Crystal Springs Uplands. Would love to hear your experience! Will pm shortly

New member here from San Francisco.

My wife and I are looking into buying property oos. Currently we're interested in SFH. I've done some research and have narrowed down my search to 5 cities. We've set a goal to buy a property by the end of the year.

We have yet to purchase a property together; however, I have helped with my parents into buying a SFH in the Bay Area and was signed onto title with them.

My wife and I both work in healthcare. I work full time and she works part time while also completing her masters degree. 

Now, we want to do find a place together! OOS investments are very daunting and I'm sure biggerpockets will help us along the way! Thank you for all the helpful tools and especially the friendly community!

Hello all. I am native of San Francisco, CA. Currently living here and plan to stay here for the indefinite future as my work and parents and in-laws are here as well (we are only children). 

I've done research into many cities and have locked into a few to do an OOS investment. OKC landed in the top 3. I really like OKC's growth in jobs, population, and economy. I've personally never visited the city, but everything looks good on paper. I plan to visit the city as soon as travel allows with what's going on in the world. My plan is to buy a SFH by the end of the year.

Does anyone have any experience with property managers and real estate agents in the area? Any leads would be tremendously helpful