All Forum Posts by: Derrick Dill

Immediate effect on some investors will be the 100,000$ itemization cap for single fliers (200k for married.

This is not conjecture, this is in his tax policy.

@Darren Budahn

Yeah, I'm looking to do an FHA loan with 3.5% down. Thanks for your insight

I'm a first-time home buyer from Southern California interested in buying a duplex. I'm a registered nurse a year fresh out of college and I want to buy a duplex with intent living in one and renting out the other.

I was pre-approved by a lender for 275,000$. In my area, the lowest for a duplex (in a reasonable area) is 350,000$. I was looking to find a lender who can use my future rental income or 75% of rental income to give me that extra little boost to make my dreams reality. 

Can anyone point me in the right direction or give me some tips?

Thanks ahead of time,

-Derrick

Thank you guys for the welcome wishes. 

@sandy salazar Thanks for addressing all of my concerns, really appreciate it.

I'm looking into HUD as a possibility and will continue to stalk the page for opportunities available in LA county.

@Kelly O' Quinn I'm thinking Long Beach is a realistic possibility for me, thanks for giving me some areas to help narrow down my focus

I'm Derrick and I'm new to BP and Real Estate investing.. Little about myself: I graduated 2 years ago as an Registered Nurse and have been working full time since. I'm looking to take the leap and get my own place.. I've been doing a lot of research here on BP and listening to the pod casts to try and do it the right way. I want to be a buy and hold investor, find a place with cash flow, and house hack for my first property. My ideal place would be a duplex/triplex in LA county (near work) or North OC (near family), in a decent area. If I could get it seller financed that would be a huge plus too. The property wouldn't be an JUST an investment property, but somewhere where I would want to live for the short term at least.

With an 80k annual income (38k in student loans), 720+ credit score, 10k down payment, first house.

is the place/situation I'm wanting a pipe dream? Are there things in my ideal place list that I will most likely have to concede? (ex. probably can't get in a nice area, or with seller financing). I've been reading my area might not be the greatest for Duplex investments, is there merit to this? Should I reconsider?

Thanks ahead of time, looking forward to learning more