My neighbor is ready to sell his home.

The cause of the 2008-2010 Great Recession was bad real estate loans - if you could fog  a mirror, you could get a mortgage!

I specialize in investment properties, high-end homes, and commercial real estate, and I run Updegraff Group Realty, a full-service brokerage that helps investors not only find and fund deals but also manage construction, optimize returns, and scale their portfolios.Financing Your First Deal Without Using Your Own MoneyIt’s a common question, and the truth is—it’s very doable, but it requires strategy and relationships.

You purchased the home as your primary.

I bought vacant land, built a spec home and sold it to an end user.

@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.

I toured the property when they were home and they asked me how the living situation was gonna work, which I explained that my loan said that I had to live on the property for a year, and the tenant next door was on a year lease & he was month to month... so he was going to have to leave.

VS one or 2  break even homes that appreciate just 4-5% ($24k/yr each).

I think majority of those that are displaced will likely find homes in the surrounding communities in CA (I’m sure some local CA experts have better insight).

If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?