I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?

I live in San Diego and think Rosarito has potential. 

I explain that an eviction on their record will make it challenging to find a rental in San Diego.  

We charge maximum of 1% depending on the deal.10% is INSANE. 

I was a RE broker doing acquasitions for a large syndicator in the 80s in San Francisco / Sacramento market.. and thats what brought down their billion dollar buziness taking reserve money from good projects to prop up losers..

I can totally relate—I’m also a bartender, working towards financial freedom while living in San Diego.House hacking could be a solid strategy for you, especially as a first-time homebuyer.

Hello All,I'm looking into selling a condo and rolling the equity into a new investment SFR here in San Diego.

I was on the HOA board of a luxury building in San Francisco and you would be surprised at how many people will let their dogs pop and pee in the common areas (killing very expensive plantings).

Hey Keith - I am also in San Diego!

Circling back, thanks for this Andrew this is INSANELY high value add.