We recently bought a house in December of 2017 using an FHA loan with 3.5% down.

A few bought notes (1st mortgage) thinking they own the estate found out the people who sold them the notes changed the names on the title to theirs and fled.This happens more on property managers who manage and pay mortgage for out town investors.

But there are a lot of new restaurants and bars, as well as a brand new luxury apartment complex.I am still personally a hugh fan of Pleasant Ridge because of the spill over from Hyde Park and Oakley where the rents are insane.

I just hate feeling that I've bought into a scam but enough of you real folks commenting has encouraged me that there's straightforward people here:)

We live in Burbank and have done a live-in rehab of a triplex that was in really rough shape at the time we bought it.

To put actual numbers on things, I bought my first investment property at 5.25% interest in Feb 2018, and am currently under contract on my 5th property which is now at 5.875% interest seven months later.

Working on my first rental property (bought from the bank.)

I bought this turn key property in Kansas City, MO, few months back.

Lending home Is cool u just give them your vesting's and they pull public records nationwide to verify you actually bought and owned it in that entity.. very easy really.. and I always suggest folks .

The FinancialsPurchased our "starter home" brand new in 2010 for $166,490Zestimate is currently at $281,510Mortgage Outstanding Principal balance is $137,331.69Monthly Payment (PITI) is $1,159.24Rent Zestimate is $1,625 /moIn case it's relevant, our budget for a new home is $450K and we have 25% saved for deposit.