All Forum Posts by: Adekunle Ilori

Adekunle Ilori has started 2 posts and replied 103 times.

Wow this very informative and educational, congratulations . Will like to connect with you.

2 Votes

Originally posted by @Cris Normandt:

Trying to time the market rarely works out. Just look a the data surrounding the market. (Data not drama) Current trends for interest rates are indicating they will be going up. The news of the FED tapering bond purchases is a big reason for this. I would suggest analyzing a ton of deals before pulling out any cash in your condo. Remember that Cash-out is usually maxed out at about 75% LTV with Fannie/Freddie.

I appreciate the feedback thanks.

0 Votes

Originally posted by @Jessica Tsao:

@Adekunle Ilori

Rates are on it's way up. I would refi because inflation is higher than the current interest rates. So basically you would be using other peoples money to invest at better than inflation to start. Hope this helps

This helps thanks

0 Votes

Originally posted by @Alex Roter:

Rates are at all-time lows, so it's a great time to refinance. What price range are you looking at?

I am looking out of state Midwest., The South

0 Votes

Hello, want to do a cash out on my condo and looking to invest on multi unit . I am looking to pull out between $105000 to $125000. Do you think this is the right time or should I wait. I need advice Thanks

2 Votes

hello Kaleb, have you talked to the owners and see what kind of financing they are open to. Seller financing, Or you can partner with an investor in your area who likes the deal. Make sure you have a contract with an experienced RE lawyer. What about private lender. if the number is right you can buy with a private lender and refinance the property. Also go to RE investment clubs in your area to link up with other investors

0 Votes

Hello Chen Zhou, congrats on your deal, especially in CA

0 Votes

Hello Heath,I will say contacting them directly to show your intent. Everybody is probably trying to mail them a letter.

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Congrats, Adam I am assuming you put $2100 down.

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Seller finance works out by asking the seller to finance what is needed down to have the whole loan close. Normally seller finance goes up to 5 years and also depends on what interest he is willing to give you. I will start with zero percent and go fro there. You will have an attorney draw out the contract and open an escrow account to have the payment send to. I hope this helps

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All Forum Posts by: Adekunle Ilori

Adekunle Ilori has started 2 posts and replied 103 times.

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