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All Forum Posts by: Michael Mejia

Michael Mejia has started 4 posts and replied 10 times.

Post: Pinnacles National Park STR

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

Does anyone have any experience in the Pinnacles National Park area? Soledad / Greenfield / Gonzales / Hollister.  I'm about to head there on a trip for the first time and I know very little about it but was hoping to see if it was a potential market.  Just looking at Airbnb it doesn't seem like there is a huge market there and I was curious as to why. Anything and everything is appreciated! 

Post: Buying my first house hack & looking for advice

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

@Bryan Balducki Why did you cancel your credit card? 

Post: VA loan to house hack

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

@Dakota Harrold I own in Oak Park, San Diego.

Post: VA loan to house hack

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

@David Pere that's what I initially thought since it would be too good to be true if you could do so by room. I'm getting ready to house hack 2 bedrooms and I'm looking for avenues to grow from there. Thanks for the info!

Post: VA loan to house hack

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5
Originally posted by @David Pere:

@Dakota Harrold You absolutely can use 75% of the gross income of the other units toward your DTI. You may just need to hire a property manager if you don't have two years of experience as a landlord.

@David Pere does this apply to renting rooms as well or only units as a whole?

Post: Thanks to BP I Purchased My First Home

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

I just wanted to put out some gratitude.  Because of this community I was able to finally pull the trigger on purchasing my first home in San Diego.  I was definitely stuck in paralysis for the longest time but in from all the information and support this community puts out I was confident in purchasing my first home.  I've got a lot of work to do and a lot to learn and I'm looking forward to it all. Than you. 

Post: San Diego Asbestos Removal

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

I have popcorn ceiling that tested positive for asbestos and want to remove it.  I would like to make renovations to the home but cant because of the asbestos.  I don't want to shake things up, releasing the fibers in the air.  Any recommendations on who to use in the San Diego area? 

Post: San Diego VA House Hack

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

@Kenneth Donaghy got it! Thank you for the information.  I'll have to keep this in my back pocket for the future. 

@Christian Johnston Congrats on the deal! 

Post: San Diego VA House Hack

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

@Kenneth Donaghy if I'm reading this correctly, when applying for a loan you can use "projected rental income" when purchasing homes with more than one unit? When applying for a loan for 2-4 unit homes would this increase the amount one could be loaned? 

Post: Comparing Loan Estimates

Michael MejiaPosted
  • New to Real Estate
  • San Diego, CA
  • Posts 16
  • Votes 5

I've just entered escrow for a home I would like to purchase. How do I go about getting the best rates/loan by comparing LE's? Am I able to compare non-locked LEs or do I have to provide mortgage brokers all the financial information required in order to compare locked LE's? 

Any and all information helps! Thank you!