For example, for my own investments with my son; we buy only distressed properties in great areas.

I have been living in a home I bought as a foreclosure about 3 years ago and have been slowly remodeling it while my son finishes up college.

You and your son can stay for the remainder of the lease as sole occupants.

Cash money son How did you add value to the deal?

Thank you both for your help.I noticed during my research that the property changed hands; to what I would assume is the son but all the liens are in the father’s name and sent to his address.

His son lives with them and brings in an income too.

But again you may have to take 2-3 year prepay for it to get you below the 7's on a 5/6 ARM.Have the Banker/Loan Officer price up all options based on your down payment and property type to get the best idea of savings.

They have two sons together.

It was a single mom and her teenage sons who lived in the house. 

@Sharon Tseung @Taj Olmedo @Minh MV Vu @Son D.Hi All,Sorry I haven't been watching this thread, but I am located in Berkeley, CA and am an out of state investor currently in Indianapolis and Oklahoma city with my first two single family properties.I'm looking at a value-add multi-family next and if you would like to connect, I do have a Google Group going for those of us in the East Bay/SF area, and others are welcome to join.