If I buy a new property as a primary residence and move into that new house, will I still have to pay a down payment for an investment property if I plan to rent out the house I currently have after I move into the new house?

They need to speak with a lender who can pull their current entitlement charged for the current loan, and then they need to tell the lender what County they want to buy in and how much of a home and downpayment they plan to purchase.  

I plan on continuing to invest in real estate and aim to become financially independent within 10 to 15 years.I appreciate any advice or insights you can share.

How long will it require to implement your business plan and rent / stabilize the property? 

After 12-18 months we plan to refi with bank financing, we are just not in a position we can do that quite yet.

In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.

I've just done the work myself: get a judgment, file to have wages garnished, place liens on any property they may own (I've had some people come up as being on joint title on a property).Some people will sent up a payment plan as soon as the sheriff shows up to serve them with papers because they're so embarrassed!

I already have an agent but if anyone is able to help with the search it would be greatly appreciated.In regards to location, I would like to stay in Santa Monica, or somewhere close and the unit needs to have at least one bedroom.Thank you in advance,ySkylerAloha Skyler,  are you planning to BRRRR, House Hack, or do Forced Equity/Appreciation? 

Devin,Just a warning about checkbook IRAs: Self Dealing Activities will get your entire IRA disallowed and you will have to pay the tax on all your money.Self Dealing Activities are frighteningly easy to do.Do a Copilot search for "Problems with checkbook IRA plans."

I plan on doing long distance investing since I’ll be deploying to Japan soon!