All Forum Posts by: LaDawn Jones
LaDawn Jones has started 6 posts and replied 15 times.
Post: Open Door Real Estate
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Has anyone had experience with Open Door? and doesn’t mind sharing?
Post: Sell and Buy
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
@Chris Seveney Thank you Chris.
Post: Sell and Buy
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Quote from @Chris Seveney:
@LaDawn Jones
Hire an agent and use a buyers agent
Post: Sell and Buy
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Moving across U.S. state lines and need a seamless transition between selling my current house and buying another?
Post: Primary residence property
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Yes it does have equity and cash flow, but my DTI ratio is what I’m concerned about. Having the 2 properties I’m afraid the banks wouldn’t like the numbers.
Need more info, does it cash flow? Does it have equity? Does it cash flow after you pull out the equity? What's the interest rate on it?
Post: Primary residence property
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Thanks Julien. My only concern is the debt to income ratio if I decide to keep it as a rental.
Post: Primary residence property
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Quote from @LaDawn Jones:
Quote from @Julian Martinez:
Depends on the area and your situation, LaDawn. I'm actually in the current situation- have a primary that I love with nice equity, never really plan to sell because it's a beautiful home (that I would actually hate to leave), low interest rate, and it's in the Bay Area. Selling it, esp in this market, doesn't make sense for me because of the above, so I'm planning to purchase a new primary (with lower down, better financing terms, lower interest rate) and convert current primary into a rental that'll cash flow and I get to keep the house.
And fwiw, I came to that idea after talking with a few real estate agents I found through BP's "Find an agent" tool, they both suggested the same strategy of buying new primary and converting current primary into a rental.
Post: Primary residence property
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Quote from @Julian Martinez:
Depends on the area and your situation, LaDawn. I'm actually in the current situation- have a primary that I love with nice equity, never really plan to sell because it's a beautiful home (that I would actually hate to leave), low interest rate, and it's in the Bay Area. Selling it, esp in this market, doesn't make sense for me because of the above, so I'm planning to purchase a new primary (with lower down, better financing terms, lower interest rate) and convert current primary into a rental that'll cash flow and I get to keep the house.
And fwiw, I came to that idea after talking with a few real estate agents I found through BP's "Find an agent" tool, they both suggested the same strategy of buying new primary and converting current primary into a rental.
Post: Primary residence property
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
Should I hold or sell?
Post: Foreclosure after a divorce
- Real Estate Investor
- Houston, TX
- Posts 16
- Votes 3
I would like advice from someone before seeking a real estate attorney on this issue. I divorced 5 years ago and left the home with a mortgage to my ex-husband. Both of our names are on the mortgage, which is now a concern for me. At the time of the divorce I now realize I should have requested re-financing to have my name removed. He has now, 5 years later ruined my credit and is in pre foreclosure status with this home. What can I do if the mortgage company comes after me for payment? I immediately thought to sell the home. What are your thoughts?
LaDawn