All Forum Posts by: David Barajas

@Chad Deihl Hi Chad, I too live in the Sacramento area and looking for a lender that has options for a down payment less than 25% if possible. I currently have an FHA loan on my primary residence if that helps. Would you be able to recommend a lender?

@Kory Groves Hi Kory, I live in the Sacramento area and looking for a lender that has options for a down payment less than 25% if possible. I currently have an FHA loan on my primary residence if that helps. Would you be able to recommend a lender?

@Gordon Cuffe Hi Gordon, I too live in the Sacramento area and looking for a lender that has options for a down payment less than 25% if possible. I currently have an FHA loan on my primary residence if that helps. Would you be able to recommend a lender?

@Al Williamson Hi Al, I have an FHA loan on my SFH but I would like to help my nephew buy a fourplex with an FHA loan and get in on the loan to help qualify. Is that something that can be done? If yes, would I need to live in fourplex with new phew too?

@Nick Vought Hey Nick, nice job on pulling this off! I am looking to do the same thing but with a nuance that may or may not work. I know with an FHA loan it has to be owner occupied. Do you know if I go in on the loan with a partner and only the partner moves into fourplex, is that feasible?

@Samuel Spencer Hi Samuel, I know this post is older but is the meet up still active? Thanks!

@Jonathan Greene no reason really. I just have some cash I want to put in motion somewhere in real estate and wondering if my nephew buying a home soon would be an opportunity to jump in in some way. He would only be able to buy on his own but won't be able to renovate. Thanks, looks like buying a duplex is they way to go.

@Brian Garlington great idea. Maybe he can buy a duplex that needs renovations that I can pay for. Just not sure how to structure my return. Any ideas?

@Ridge Tullos gotcha. Maybe he can buy the house and I can pay for the renovations, he can live in it one year, and we can sell. Any idea how much my return would be for something this this? 10% of profit after sale?

Hello.

I have a nephew who is 20 years old and moving from the Bay Area to Sacramento (about 100 miles) for college. He is pre-approved for an Cal FHA loan for $315k. I have about $50k from a HELOC and wondering how to invest with him. Any ideas?

Thanks!