All Forum Posts by: Jeff Cliff

Hi,

I am

in the process of rehabbing and renovating my primary home, which I bought in all cash last year. Last month, I changed the insurance company.

Due to pandemic my plans of rehabbing are significantly delayed and it may take a little longer (possibly another six months to a year) to finish rehab work.

since the house is under construction, the insurance company is canceling my insurance policy, in this case I would like to know what are my options as far as home insurance policy is concerned?

Also, considering the house is currently paid in full do I really need to get homeowners insurance policy?

Thank you in advance for your response.

@Timothy Hero

Yes in CA.

Hello,

I have a public hearing for one of my properties which bought recently; it has a lot of red tags and needs to be rehabbed. The property is in a coastal town and has view ordinance in place. I am adding some sqft on the second floor, although the addition I am doing on the second floor is very small and shouldn't really block any neighbor's view, there is still a possibility where someone may raise objection. I was told that, I should prepare a letter in support of my project and send it to the city office and also speak about it during the public hearing.

This is something new for me and I am looking to get some pointers as to what should I highlight in my letter and speech in favor of my project. 

Thank you in advance for your response.

Hello,

I want to refinance my investment property which also has a HELOC on it. The reason for refinance is to explore possibility of lowering monthly payment and possibly cash out some equity to pay off HELOC.

Looking for suggestions for banks/brokerage firms that would offer competitive refinance options for an investment property.

Thank you in advance.

Hi,

I am considering IKEA kitchen cabinets for one of my properties which I will be rehabbing and staying in for a few years now and then renting it out until I am ready to retire in another 25-30 years.

unable to decide if IKEA cabinets would be a way to go for my needs? any pros and cons?

Hello,

I have a mortgage and HELOC on primary home. I opened HELOC about 8-9 months ago and has some balance on it. Now, I am converting primary into rental property and moving into my second home.

I have not been able to take advantage of really low interest rate on my primary due to HELOC making LTV over 80%. However, in near future I should be able to bring LTV down to 80% but by then it wouldn't be my primary property, it would have turned into investment property. My understanding is investment properties have higher interest rates compared to primary/secondary home. In that case, is there any other way for me to reduce my interest rate and there by monthly payments?

Thank you in advance for your response.

Hello,

I want to rehab/renovate primary home and looking into borrowing homestyle refinance loan. Does anyone have any recommendation on what to watch out for in these loans? Where to shop for them and anything else I should consider before securing such loans?

Thank you in advance.

Hello,

I want to rehab/renovate primary home and looking into borrowing homestyle refinance loan. Does anyone have any recommendation on what to watch out for in these loans? Where to shop for them and anything else I should consider before securing such loans?

Thank you in advance.

Hello,

I have a mortgage and HELOC on primary home. I opened HELOC about 8-9 months ago and has some balance on it. Now, I am converting primary into rental property and moving into my second home.

I have not been able to take advantage of really low interest rate on my primary due to HELOC making LTV over 80%. However, in near future I should be able to bring LTV down to 80% but by then it wouldn't be my primary property, it would have turned into investment property. My understanding is investment properties have higher interest rates compared to primary/secondary home. In that case, is there any other way for me to reduce my interest rate and there by monthly payments?

Thank you in advance for your response.

where can I find a list of disclosures & any other required supplemental documents along with the rental lease agreement in Northern California?

Typically, what are some of the essential points to include in addendums?

Thank you.