All Forum Posts by: Ryan Byrne

Thanks @Account Closed . @Karen Margrave this is 4 units at 3,900 sqft, I dont have a full set of pictures. I do see these short "mansard" side roofing styles often in Orange County and wonder what people do with these. They don't seem particularly appealing or timeless.

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I am hoping a contractor can share some knowledge here. I am interested in this property:

[IMG]http://i59.tinypic.com/2jadutv.jpg[/IMG] http://i59.tinypic.com/2jadutv.jpg

What style would you call this house with the box frame, flat roof and wood vertical shingles around the sides? I don't like it at all. Can this be fixed or "pretty'd" for something reasonable.

Home is in Orange County, CA.

Thanks.

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I picked up a copy of Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth; it's a little dated but this type of investing might be appealing to you given your experience. I got me to start my search.

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Originally posted by @Albert Bui:

At 5% down the annual premium goes from 1.35% down to 1.30% not much only 5 basis points but its decent.

Only other way to reduce annual MI premium is by using 15 year loans which have a much lower annual premium when you put more money down but it won't be too great for cash flow since the payment is much higher.

If you put 10% or more down your MI will fall off when your loan reaches 78% LTV based on the value inside FHA's system called FHA connection (not market value unlike conventional).

Most people dont put down 10% anyway maybe 1 out 40 people who uses FHA puts more than the min 3.5% down in my experience. Some borrowers use FHA strategically and may put a large down payment for its other advantages such as 56.99% DTI backend, 2 year CH7BK, no time seasoning for shortsale in the past if borrower had no lates, qualify with foreclosure in 3 years or less, etc

Thanks @Albert Bui, do you know if the annual premium continues to fall by 5 basis points for every 1.5% incremental down payment over 3.5%? e.g. if I put down 11% the premium would drop to 1.1%?

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Originally posted by @Will Barnard:

The sick thing is that both parties were married at the time of their elegeded marriage and since both were married before, they both have knowledge of the fact that a legal filing must be made, therefore, this idiot has no legal ground to stand on. Unfortunately, his dirt bag attorney really knows how to milk the system and has yet again found a way to postpone the hearing this week, of course granted by the judge even though it was not legal. I hate our family court system!

I just learned all about the CA family court system in a documentary called Divorce Corp narrated by Dr. Drew. So sad and scary that this system goes unchecked in this state.

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"Your anxiety dog is causing the other tenants to have anxiety issues" oh the irony.

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Wow @Alex H., I remember a tax lien veteran saying that only 1-3% of his tax liens go to foreclosure but your first two are already in that process. That is something. I am studying tax liens myself as they seem appealing. Where is your area of focus?

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Nice job, thank you for sharing. Your music video got me jazzed up about getting started in Rehab ;)

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Nice work. Thanks for sharing.

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@Joe Homs Thanks for saying hello and extending the invitation. I will make plans to attend the event. For the RE license I enrolled in 3 online courses (Principles, Practice, and Finance) offered through California School of Real Estate and purchased a study guide to get me started.

Hi, @Matt Kvalheim I hope to see you there.

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All Forum Posts by: Ryan Byrne

Ryan Byrne has started 2 posts and replied 22 times.

Post: What Style is this House / Fourplex?

Post: What Style is this House / Fourplex?

Post: Advise on getting started :)

Post: FHA PMI

Post: The Occupants from Hell!

Post: No Pets Fourplex and Tenant with companion dog

Post: Tax Lien Certificates

Post: 1st Rehab Complete. Thanks BP

Post: Just Sold Flip- Pictures and Profit Breakdown

Post: Hello from a New Member in Orange County, CA