In CA you are very unlikely to get much deal flow using 70%, 80% is more realistic.

The numbers baffle me, being from CA..But it's just a different world out here..

We do own (1) 2 unit rental property in northern California that cash flows well.

Hi Cameron I've worked on a lot of these with investors.In the context of conventional lending if you purchased the property with all cash you ca.

Originally posted by @Randy King: My experience is that HUD will discount between 10-15% net to HUD for the first month or so regardless if it is within the O/O period or not.

But not a bad rate..If he doesn't want to drop pre-payments and you really want the financing (and you plan on holding), try to negotiate a declining prepayment penalty for the first few years when you expect it will have no impact on you.If he's trying to invest money 30 years at 6% secured by real estate, send him my contact info and I'll give him a nice fat note secured by my CA property and give him pre-payment penalties for the first 10-15 years..

It will increase your financial IQ dramatically and give you a good foundation on why some are rich and most are not.Play to the kings.

I live in southern ca so prices are sky.

I live in Southern California so something no more than a two to three plane ride or a five hour drive.

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.