I want to be able to house hack the property (live virtually rent free, while tenants pay mortgage and other non repair related expenses) as well as create sizable cash flow (minimum 1k per month) which would be reinvested into buying more real estate.

Recent changes have added a $225/yr surcharge for any multifamily houses and any non-owner occupant houses.

I  would search for rental property located  west of highway 87 and  be very careful of older, often non conforming property in downtown San Jose. 

Any other ideas of non-equity financing that banks would allow?  

I've been a non-active member of BP for several months now and wanted to finally introduce myself.  

The appraisal report comes with 2430 sqft Gross living area. 397 sqft finished basement and 140 sqft non-living finished area (due to the wall of one bedroom is not high enough). 

Hey all, looking for some advice on how to proceed with a situation with a tenant. I purchased a duplex a few months ago that is fully rented out, with the intent to move into the bottom unit on March 1st. I notified ...

Adam,you need to find a portfolio lender with different loan criteria like a local(non national) bank who invests only in the community or a direct lender like New American Financing and such.Big banks like Chase or Bank Of America won't touch you these days after the 4th property.

That means putting money aside for vacancies/non-payers, maintenance and repairs, and utilities.

hello everyone , just want to know how fellow wholesalers handle working with and agent that send over some non listed and listed properties . i want to know if the agent is putting in offers for you, do you let your buyers know before the property offer is accepted or after .