@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.

Review financials -how much you can afford.

Two, as he mentions in number 5, generate different scenarios as to how much you can afford based on the sales price and how much are you willing to contribute to the rent. 

Those 3 months typically more than cover expenses for the year, but I imagine a ton of non-savvy investors of those beach town houses can't afford to miss those rents.  

But no question cars are a necessity and when your starting out you should be frugal on the car and go for the real estate first and foremost.. you buy the Tesla once you can easily afford it..

Hi all, can anyone recommend an affordable / reliable smart water meter so I can read remotely via WIFI?