I've seen it all and done it all and I will talk your ear off.

I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.

@Tom Hall It is my understanding that if you talk with your mortgage company first and make the necessary arrangements you can recast your mortgage to get a lower payment by paying down a chunk of the mortgage at once.

In fact, invest outside Calif for sure.I suggest you continue to rent and buy an investment property first.

Hi there - North Carolina continuing education provider and broker in charge here.

Then again, if you’re talking about a mortgage on your personal residence, and you live in a state with an unlimited homestead exemption for creditor attachment like Texas or Florida, there’s an asset protection consideration as well.   

Like I said, I'm not an accountant so you should probably talk to one.

@Kristi Wolfe I would be glad to connect with you and talk through possibilities for helping your son purchase a property in Tucson!

Some items to touch on while you talk to prior investors:How has the overall experience been?

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers