All Forum Posts by: Gerald Bruno

I bought in July of 2009, never really saw the house dip in value more then 10k, just kind of hung there, at least from watching zillow/zestimate and USAA home value monitoring. Looking at Zip Realty however it shows a much more drastic price difference, which I never saw when checking recently sold on zillow. However, according to those estimates I am still lacking any equity. But watching comps in the neighborhood, it's gone up by a total of 1% over the last 5 years. 

As to the rent, it has been renting for $1200 for the last 5 years with no gain, but rents just started going up in the last 4 months, so as I said, this upcoming month will be my first no loss month as the management company said there on a new contract as of July. 

 I don't have anything there yet, but it is one of the two I am looking to move some investments in to.

 It was my first purchase, thought I could just accrue equity over time while someone else paid the mortgage. This might be the first year where I don't take an actual loss, still loosing on paper though. 5 years later and no appreciation to boot lol.

Hello all,

New here but I own two properties (both purchased as owner occupied). An sfr in utah that I regret and a duplex here in Vancouver WA of which I currently live in one side of. I'm former military which is why I went in to my house in utah and am originally from Stockton California. 

Hoping to get my first investment specific property in the next month or so in the Birmingham AL or Indianapolis market, so if you're there feel free to shoot me a colleague request as any conversation on the area is welcome.

I think that's all the criticals, I hope to get to know you all soon.

Hey all, 

So I have a single family and a duplex, all bought under an owner occupied loan. I found a property in California. It's a duplex with a rent roll of $1,480 a month (one at $830 the other at $650 both 2br/1ba). They are asking 143k.

My income is high, but a third of it is untaxed per diem. It's written in to my contract, and while it can fluctuate, it will never drop below a third. Received for years and will continue to. With per diem my DTI is around 36%, without it 45%. My other problem reserves. I have the 25% down, but not the 6 months reserve for every property. What kind of funding options should I be looking in to? IS there something that wont require the reserves? Or perhaps something that will allow the rent roll to dictate some equity in the loan and not require the full 25% cash from me? Any help is greatly appreciated.

Thanks