I shopped pretty hard on my Refi and found 3 main products....5/1 ARM (lock at 4.25% for 5 years, then review, $2500 origination) Interest only (wasn't interested as it didn't align w my longterm goals), and a Fixed Product (15-30 yrs. high origination costs).

Hi all,I've just recently begun my journey to find my first rental property, and am considering newer (10 yrs old or less), mostly-rent-ready duplexes in good neighborhoods.  

MAY be worth it to take a long term flyer and see what the property may be worth 5,10,15 yrs from now....ps - No, I'm not interested.

If any one has a recommendation for the same in Oregon, please let me know :)Thanks,Pragya How much do you owe, what is the property worth, what terms are you looking for ( 30, 15, 10 YRS ) How long have you owned it, will it be under your name or an LLC?

Back to the timeline, you can convert your primary residence to rental and pay no cap gains as long as the 2 yrs in past 5 applies.

I have Cash, Great Credit, and 7+ yrs corporate finance experience (still employed). 

@Jeremy Miller..Hold it for a couple of yrs, then make a decision.  

Less risk, gain experience & profit by quickly turning your money.Example: 3415 W Clark Ave, Burbank - Bought $588K - Sold $1,110K                5029 Auckland Ave N Hollywood - Bought $529 - Sold $700KBtw: I used to live in CC, 20 yrs in LA 

We were thinking about flipping houses, but we now I'm thinking about the possibility/option of buying a house, fixing it up while living there and selling it after 2 yrs in order to have tax free gains.Can anyone give me any guidance of this option?

Hi Michael,Property Value - $225,000Annual Net Income - $10,840Credit Value Amount - 80% LTV = $180,000Length of ownership - 3 yrs.