The loan is interest only and it accrues and is paid when the loan is paid off - there are no monthly interest or principle payments during the life of the loan.

Message me with your contact info and I will hit you up if I’m ever in Chico the second Tuesday 

It’s a great little place and I think you did an excellent job.

I'm in escrow on a duplex, my credit score is high 750+, I'm a W2 employee, and I plan on keeping this duplex for more than 10 years.

My wife and I are debating on moving out of California and the only place we are considering is Florida.

In the last 12 months, my company (LLC, sole owner) did over 1.2m in revenue, and i have cash to put a good % LTV down.  

Property 1 = $750k; Property 2 = $700k.I told my RE lawyer this and he said that I should really have each property in it's own LLC, since if something goes down at Property 1 and I get sued, they can not only go after the equity in Property 1, but also that in Property 2.

Although this is working out ideally, there are some tricky components to this.As of right now, the seller needs to move immediately and is requesting for at least 100K from the 180k that would be due in advance as he is trying to close on a cash only property.

Please let me know if you are open for some discussions and I hope to prove myself to be of great help in your journey as well.

Hello, My wife and I are in the process of turning our primary home into a rental.