Capitalism works in such a way that individual initiative and desire to put capital at risk is what drives things forward, and many of the really beautiful buildings in Oakland (to me) appear run down because that equation has broken down.

There's definitely a few things we could have done a better job with during the initial process but it's all about getting your first deal done right?!

I would think that since your "use" was created when the park was initially built that the zoning rules from that time would apply not the current rules because you haven't changed the use. 

My initial plan was to maximize cash flow through B&C class duplexes/triplexes.

If a tenant chooses to make their initial payment via ACH, I can see that the payment has been initiated and Cozy.co is verifying the tenant's bank account.

I would like to get information so i assess the best approach to tackle this new real estate market.Ideally, I want to invest in condos and/or townhouses as a starter investment to get my initial experience and add more as I finished my pharmacy program.

In working with a number of folks from California it appears that the initial thought is to go right into a turnkey property.

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

They took my initial low offer, but we just had the inspections, and I decided not just to walk but to RUN!

They presumably made their loan(s) with knowledge of the terms you initially recorded.