CA Fair Plan is last choice.

Or how long after can I refinance?

@Benton PruittThe original lender should provide a short sale approval letter noting as long as they get x at closing…The second lien holder will be more problematic.

I am an investor friendly agent with 8 properties myself and doing str, medium term, long term and rent by the room strategies.

Looking at two potential ways to buy real estate for long term hold rental. property A assume the loan on a property with no equity at 6% interest rate.

I was at a meet-up last night and should have asked the gentleman who said he recently purchased quite a few for $200. 

For commercial spaces - I prioritize a long term / cheaper tenant over a high rent with the potential for vacancy. 

I've looked into buy and holds, short-terms, long-terms, BRRRR's, and section 8's. 

I understand that this money is borrowed money, so I dont want to have it locked in a deal for a long time and pay the interest payments.

The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.