All Forum Posts by: Tommy C.

@DG A.

I can definitely see where you are coming from, my wife and I went to see this duplex with two incredible older tenants paying undermarket rent, we ended up walking away from it as we don't have the stomach to owner-move in and kick out either one of them..

@Robert Gilstrap

And I don't know anyone is feeling the same way, I think subsidized housing is the less of two evil over rent control, for both tenant and landlord..

And in the ideal world, everyone gets more tax return when less people apply for section 8. I guess I blame the game but not the players..

I think "house hacking" involves "being an landlord", but is more than that, ie most landlords don't live in the same property with the tenant but house hackers do..

@Hardeep Singh

City of Oakland has a webpage for its Rent Control program

RAP

@Hardeep Singh

I think the city has extended the owner occupancy period to two years for rental control exemption.

@Anna Vickroy

Are you looking to refi and get portion of your 120k back out from the ADU? I wonder how a garage-converted ADU affect a SFR values...

@Farakh Zaman. If I am in your position, I would probably get in with a cash offer first, then refinance later. A cash offer should give you an edge over others

Hi @Sergio Sarabia, how's Midland holding up? 

yea, I am trying to do a 1031 for my rental and roll into another rental.

Probably in the next 2-3 years

Hi,

Does seller financing have any credit requirement? I understand seller will have terms that require specific down payment, rate and term length. Do they also assess credit and debt to income ratio like a conventional loan?

Thanks,

Tommy

Thanks guys! 

It's interesting that a closing date in the far future can work as lease option as well, I have never thought of that. But can you operate an investment property during that period you are waiting to close before title transfer? I assume a lease option allows ones to operate and collect income from the property during the leasing period?

@Steve Vaughan

@Dave Foster

@Brian Gibbons