Here’s how I’m currently thinking about it:The interest rate on my existing property is 3.5%, so I’d like to maintain that rate rather than refinancing the entire loan.

That means I'd be covering a significant shortfall every month.

To make a long story short, they are no longer able to make payments on the property and are in danger of losing it.I have a rental property in Southern California that I currently own whose value if I sell should cover the outstanding loan balance on the farm.

While margin accounts exist for stocks, they're typically more expensive and risky.🤝 A Place for BothHere's the thing - it's not really an either/or situation.

Would your existing tenants stomach that much of an increase?

They will schedule an inspection to verify that the second bedroom does in fact exist in the apartment.

Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

It is exactly what it sounds like, buying a property that has an existing debt on it.

FEMA does not come in and take over literally everything, FEMA has certain scopes they cover, state covers some etc etc.. 

Since you are in an expensive market, commissions will also be high so you should be able to cover all of your expenses with just 1 deal basically, maybe 2.