We realize the La Market appreciates well and it would be good profit if we hold on and sell 20 yrs from now but as robert kiyosaki says your home is not an asset.We are shifting towards selling this home and moving into an apt which is a couple hundred less than our current mortgage.

We realize the La Market appreciates well and it would be good profit if we hold on and sell 20 yrs from now but as robert kiyosaki says your home is not an asset.We are shifting towards selling this home and moving into an apt which is a couple hundred less than our current mortgage.

Needless to say, they ended up clouding title on hundreds of homes, and their actions both got them a stretch in Club Fed for 7-75 yrs, along with being barred for life in Iowa from engaging in any way in the business of buying and selling real estate or selling securities.Personally, this seems like a bad work around for Dodd/Frank, verse just hooking up with an independent licensed mortgage banker in the area, to have them underwrite the property tax loan/2nd mortgage for a fee of $750 or $1,000, which could be tacked onto the total loan amount to be repaid over a couple of years.

Not to sound arrogant but I was really surprised on the difficulty to get a loan as a person with 10+yrs job history at the same job and 10% dti. 

Moved and rented for 2 yrs and sold to purchase another property.

Because of the location/rental market (and to leave open for parents to retire at residence in 4-5 yrs) we had planned to start this condo as our first rental property.

Don’t let anyone outside of multi family industry tell you what you can/can’t accomplish while they’re sitting behind the same desk they say at 10 yrs ago.

I've been in the business 19 yrs and my wife and I have not had an LLC until we were told by our CPA that we were now accredited investors.

I wish I knew most of this stuff yrs ago so you are taking the right steps.

Property in Los Angeles, CA. Tenant who is generally obnoxious but paying on time. Now asking that her mom who lives with her for past 2 years, now can't go up 3 steps to front door due to her knees. Is asking me to i...