Originally posted by Account Closed:@James W.

Originally posted by @Diana Serrano:I purchased my first rental in San Bernardino.

Obviously I'm leaving out closing costs and lending fees, but you see the point and the power of it right?

I'm originally from MA too, looking forward to seeing you around the site!

I don't see a property management fee - are you guys managing these yourselves?

Some may not allow you to refinance for more than the original purchase price, or charge you a higher rate to do a cash out refi.

Multi-Family with NO Certificate of OccupancyI have discovered I am in a deal to purchase a houseand units with seemingly NO Certificate of Occupancy from the City.It appears these are supposed to be applied for by the original contractor,however the city has NO record.These units have been renting since 1951,does anyone have experience in this area ?

I read in Money Magazine that one of the biggest mistakes investors make it paying the typical fees to investment brokers, so I am looking to get out of that but don't want to lose my tail either.

Originally posted by @Berny Petersen:@Christopher Silich     Hi Christopher, thanks for the welcome.

Originally posted by @Carlos Palacios lugo:Rich, it was full but the city inspector had a small issue with the sewage and the the tenants had to leave within 60 days since the owner did not want to fix it.