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.

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..

For the sections of that neighborhood that I've visited over the years, it's not a place I'm afraid to go at night.

I'm hoping to visit New Orleans this coming Autumn :) And yeah, jump in and let us know how we can help!

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.

When can you visit the property?

We will come to visit the property and take a look.