My wife and I are looking at a 4 unit property and are going to live in one unit. We can put together the 20% for the conventional but in looking at the deal or lender is very certain he can get an FHA loan on it. Is ...
I purchased a 3rd rental property in Los Angeles last year -- A SFR in a booming area I got off market for really cheap. It kind of came out of nowhere, so to obtain the property I got a conventional loan for 80% -- t...
I may be getting a potential 8 unit apartment with a basement. It's currently empty but I'm curious to see what people here would do with it. There is a provision for an extra power meter to be added. Building is n...
Hi all, first time poster trying to learn before I buy my first rental property. Question is, if I have the means to put a high enough down payment on a house to be cash flow positive (assuming my expense estimates a...
Has anyone bought and used the Shred method software to pay off home mortgage quickly? How was your experience with it?
I have a foreign client who is completing a 1031 exchange, and has decided to bring extra cash to the closing table to replenish the "withheld" FIRPTA amount on the sale of the relinquished property. This will allow u...
Can I use a HELOC on my primary residence to complete the purchase of another home which will be my primary residence, paying off the HELOC when the first place sells? Do the rules on this vary according to state?
How can one make an illegal unit, legal? Has anyone gone through the process? Looking to buy a house in Sacramento that has 600 sq feet of illegal added additions. They look professionally done -- match the existing h...
This tenant has been late 4-5 times this year. They moved-in 2018. This landlord wants to raise rent to be closer to market rents by another $50. Small increase to most but probably not this one. Keep or not? Why?
Hi! I just got preapproved from the lender today for my first rental property! I haven't bought a house since my primary residence in 2007, so this financing part is new to me. It seems like traditional lending is ...