All Forum Posts by: Account Closed

Is this property still for sale?

Do not see any pictures through link?

Do you live in California? Yes

Have you lived in California in the past 5 years? Born and raised in CA. Grew up in Marin County (north of SF).

If so, where? Currently in Visalia, CA for work

Will you be staying or leaving? We are considering leaving in a few years..

Why? High taxes, mismanagement of state, new water bill (AB 1668 and SB 606), water issues (drought,releasing of millions upon millions of gallons of water into ocean to protect Delta Smelt while human suffer the consequences), sanctuary issues, cost of living, just too liberal for us.. 

What is your full time income producing job? Real Estate

Price negotiable?

Thank you Harjeet Bhatti!

I was hoping there were more options!

A question..... best asked with a scenario:

I own 3 properties(1 commercial, 1 multifamily and 1 single family home) all properties are rented with a nice cash flow. Is there a way to borrow money against the properties(not interest only or equity loans, but an actual convention loan) to purchase more properties?

Thank you for your help!

@Adrie Moses-bailey... I do understand what you are saying. But how are you going to get financing on 5 different properties? 

@Adrie Moses-bailey OK!!!!! That makes sense.....LEVERAGE...Thank you! 

To all the experts, novices and beginners!

Looking for some thoughts and advice….

I am reading over and over again not to use 100% cash to purchase a property..but to only use your cash for the down payment and let the tenants pay the mortgage. But why not? I have done the math on the cost of the overall loan and the ROI versus cost to pay cash in full at time of purchase. Is there something I am missing? If I can save enough money to pay cash, why not? PLEASE educate me, I do not want to make a rookie move, but I am having a hard time wrapping my head why borrowing money (and paying all that interest) is better investment than cash sale.