When you buy, run the #s on turning it to a rental in case you want to move and the market has turned around.Everyone's strategy is different, but I've been converting properties to paper and I plan to snag up rentals on the downhill like I did in 2008-2010.

My son has a house there but he'll be moving on once he completes pilot training.

And you wouldn’t charge them rent, they would gift you “X” dollars per year for being your son. 

The sellers son who was living with the seller was a mooch and the family was worried the son would drain the $165k.  

Her son is a roofer.  

I live in Atlanta but my son attends college in Tuscaloosa.

This is for information purposes only an does not constitute a rate lock, and the interest rate is subject to changebased on prevailing interest rates.Estimate Date: 10/20/2023Preliminary Estimate of CostsRental Loan - FixedEstimate Date: 10/20/2023BORROWER SUMMARYBorrower TBD, LLCEstimated Value Of Property $ 549,000Number of Properties 1Borrower Credit Score 700Term and Amortization Period 30 yearsLoan Amount75% LTV$ 411,750PAYOFFS AND LOAN COSTSPurchase Price of Properties $ 549,000Payoff of Mortgage(s) on Properties $ 0Origination Fee $ 8,235Buy Down/Buy Up Not Opted $ 0Underwriting and Processing Fee $ 2,585Legal Fee $ 1,500Broker Fee $ 12,353Broker Processing Fee N/AIMPOUNDS & 3RD PARTY TITLE FEESEstimated 3rd Party Closing Costs (title, reconciliation, etc.) $ 1,500Estimated 6 Month Tax Impound, Subject to Change $ 3,170Estimated 6 Month Insurance Impound, Subject to Change $ 987Interest Reserve Escrow $ 0Estimated Cash Due From Borrower at Close 1 $ -166,344RATEQualifying Interest Rate 9.750 %Rate Buy Up/Buy Down 0.000 %5 Year Prepayment Penalty: 5, 4, 3, 2, 1 0.000 %Initial Fixed Interest Rate 2 9.750 %MONTHLY PAYMENTSMonthly Principal & Interest Payment $ 3,538Monthly Payment of Taxes and Insurance $ 693Monthly Payment of HOA Dues, paid to HOA $ 0Total Monthly Payment (PITI) $ 4,230RENTAL INCOMEEstimated Monthly Rental Income $ 8,125Rent to Debt Service Ratio 1.92ADDITIONAL INFORMATION1.

Son broke in after set off fireworks in unit, drank with friends, got arrested.

Hello everyone,I am looking at Evansville for myself and my son.

I would prefer the Palo Alto/ Mountain View side over Fremont/Hayward side though