Includes Sample Documents and Practice Aids, Fannie Mae Information, Freddie Mac Home Affordable Modification Program, and more.The foreclosure survival guide: keep your house or walk away with money in your pocket, by Stephen Elias, Nolo, 2019Covers workouts, foreclosure, and walking away.

The closest market that seems more affordable is Riverside/San Bernardino. 

Once people go back to work and all those bill forgiveness programs are ended we will see who can still afford their home and who will NEED to sell. 

@Zach CumminsNever invest more than you can afford to lose without losing sleep. 

One that caught my attention the most was real estate from a distance so my question to this forum is, I can’t afford a fixer upper much less a regular rental property in California, I ran the number used the no calculator and still didn’t make sense.

@William Goodlett @Greg Parker That biggest concern is how people are going to afford to pay for a home or rent a home now that so many people have lost their jobs.

So you may be dealing with a tougher rental market with a smaller tenant pool as folks are displaced and cannot afford their current neighborhoods.

If he has more than 20%-25% in equity after the rehab, He can cash out the 2nd loan.The fact that the rent of the other unit barely covers the 1st mortgage, he will have to come out of pocket regardless of what financing structure he goes to.To answer the question as to how difficult it is to fiancé a Jumbo, it's not difficult at all if you can afford the loan payment on paper. we live in South OC, almost all of our loans are Jumbo, it's very common.

The more affordable options were Coops which are more like buying shares in a building.

The bank will also look at your DTI ratio and see what you can afford as far as price.