All Forum Posts by: Miho Y.

Addition: The reason DTI is so high is that I was told I can only count 75% of rental income whether not all the units are occupied. Thank you.

Dear lenders, I put too much down payment on my multi unit as a buy-and-hold. I am receiving cash flow from this and needless to count on depreciation I am totally capable of cash out refi. However, according to my lender DTI must be under 45%. Is there anything I can do to get my down payment back without selling it? Thank you.

I need to find out about that as well. I heard state of California regard the death on the property as "material damage" which is the reason why you need to disclose as a landlord. However, with appreciation or the properties taken into consideration, how is the loss calculated?

Thank you Jim, I am so interested. Please kindly let me know if you have any update... 

Well many people think otherwise. The problem is that in CA, landlords are required to disclose ANY death occurred in the unit past 3 years meaning I need to let any applicants know this making it less attractive.

Thank you Kyle for your bang on replies. Truly appreciate it. BiggerPockets rocks.

So I went to the county recorder's office and found out that the tenant was in fact telling me the truth. So do I sue the agent and seller? What type of attorney takes care of this kind of case? 

THANK YOU!!!

Yes it is. Indeed it was last year. 

Does anybody know if there is any lender that offers HELOC on the investment property in California? Thank you.