All Forum Posts by: Michael Bettencourt

@Lan Raby I spoke with Wells Fargo and they would only offer 60 LTV on a multi non owner occupied. Is that what they offered you?

@Chris Mason Ventura California, unfortunately I'm in the Navy currently stationed in Illinois.

@Alexander Fichel you have to live in the house for 2 years! That's it. The 2 of 5 just means you can live in it for 2 years then move and rent it for 3 and still be tax deferred because you occupied it for at least 2 years within the last 5.

@Jacob Rinco I almost always find a way to open up the floor plan with having to move plumbing, HVAC or much electrical. I always felt like I got the most bang for a buck by dropping a wall or a portion of a wall

I've spent weeks looking with no luck. I need atleast 70% LTV on a 2 unit I've never occupied in California. I was rolling with Penfed but they disqualified me because I own over 4 properties. Please shoot me suggestions even if your unsure.

Roberto Santana, I'm currently stationed at RTC Great Lakes, and am in escrow with a live in duplex in Gurnee. I've done a handful of deals and am learning the area, feel free to message me with questions. What command are to going to? RDC life's is rough on an hungry real estate investor!

Traditionaly I bought dewalt for tools I use very regularly and bought from harbor tools I use less frequently. Looking back the harbor freight tools have served me just as well but I am more of a weekend/ after work warrior. All of my cordless tools are dewalt though.

Thanks for all the great input, I did have a video, it's not an emergency but I have had it snake and was told that was a very temporary fix. I am not asking for multiple quotes just 1 from the plumber they have been using. It is a major job, the pipe runs under the concrete driveway. @Marcia Maynard is a new roof two much to ask? All the PM would have to do is get the bid, coordinate with the tenants and pay the company correct? That's all I would expect.

My property manager is extremely reluctant or just has no urgency when it comes to larger repairs/ maintenance. 1 example: My properties sewer has tree root intrusion and I asked them to get a quote 2 weeks ago, and have followed up twice and got a we're working on it response. Originally I planned to do a lot of work utilizing there connections and hoped they would help partially manage the work. Is this to much to ask? Thanks BP

@John Franczyk message me further details on what your trying to fund if you can. A passive investment could work for me right now.