All Forum Posts by: Michael Sjodin

Investment Info:

Single-family residence buy & hold investment in Vista.

Purchase price: $427,500
Cash invested: $8,000

A mostly appreciation based purchase motivated by short and long term appreciation as well as the other benefits that come from being an owner instead of a renter. I intend on living at the property for 1-2 years to satisfy the requirement of my fixed 30 year VA loan and then moving to the next deal.

What made you interested in investing in this type of deal?

Ongoing construction projects in the area as well as the proximity to the recently booming city of Oceanside. It also makes more sense to buy at a low interest rate of 3.6% and only 8k into controlling a 430k asset.

How did you find this deal and how did you negotiate it?

I found this deal through my realtor. I negotiated the asking price of 430k down to 427500 with a 5k sellers credit towards closing costs.

How did you finance this deal?

I used a 30 year fixed-rate VA loan with a 0 down payment requirement at a 3.6% interest rate.

Please lift my ban as well. Wasn't aware of the whole copy paste situation. On a separate note, I do work in IT and could take a look at fine tuning your spam filter if you are interested.

@Frank Patalano The 5 unit might not be a bad idea. I have to research the commercial side more, but for starting out I am naturally drawn towards a duplex situation so I can house hack.

@Frank Patalano Dealing with an employment transition after being pre-approved up to 600k with 0% down in California. Been trying to find a cashflowing duplex in the greater San Diego area, but duplexes are often priced at a rate that doesn't cashflow in the area because the seller takes the duplex factor into account when pricing and often creates a 0 or low cashflow situation.