All Forum Posts by: Drew Wie

Unless it's a multi unit and you living in one of them, then it'll have the primary residence rates. Otherwise yeah, it's not as favorable...

Well, there are benefits in certain situations like living 2 of last 5 years in property for the tax benefits on gains, so it depends on what you're reading up on...

Have to look inland more,.. Further away from hot spots would have better cap rates, but the trade off is don't expect the same appreciation rates

Or it's a way for the author to make some side money by selling an eye catching title on Amazon, lol

Could be leakage, clogged, dirty filters, and electrical (not triggering the condenser hence the refrigerant isn't empty) as well, but inspection should've picked that up. Get a second opinion?

Interesting... So basically it forces financial discipline. For those who are already disciplined, no reason to open up Heloc in the above example (because there's a cost to holding a balance). When you save $10k, write a check towards primary principal balance...

No kidding on the SoCal (and other crazy markets), it's more like 0.5%...

Is there a good market for 5bd? Locally 3bd is super easy. 5bd is very challenging... (Much higher vacancy rates)

Good thing you have many options. They have to do as much research as they can just as BP investors research on their investments, usually they have more skin in the game than you do (hence the loan)... Congrats on how it came through in the end!

So this place is a duplex and that you're living in one of the units? If so one option is you can do a cash out refi to get the best rates since its for primary residence, then use that amount and buy something else, current rates are around and below 3.5 with no points and fees, pretty darn low