All Forum Posts by: Aj Green

 No date, it was just this vague clause. I would for sure want to cancel the sale, my main concern would be them trying to force the sale oppose to not getting my $1k deposit back.

 A standard $1k deposit. The property price was only 100k so things were a lot more informal.

Considering your situation, I would try to find deals on Facebook, saved zillow/realtor search notifications, etc. For the BRRR method, houses that just require lighter work and have working utilities can be low hanging fruit and competitive. You could do the BRRR method and the sneaky rental method (live in a house initially, then rent it out after, while light rehabbing.) Being owner occupied means getting the lowest interest rate, and a conventional or fha loan.

Multi family properties will cashflow the best (unless you are bold enough to rent by the room). In Cleveland you could also purchase a property in an area that is improving or on the border of one. Just make sure it is not deep in the ghetto, as there is a lot of bad areas in Cleveland. There's a lot of opportunities in your market.

Hey, would I be able to get out of a home purchase with this clause I put in? Their a/c starting leaking and has missing ductwork, and is blowing air in random places. The contract was a simple 3 page one and I wrote this in.

Also, it is a single family being rented as a rooming house (which is technically not legal here).

Hey, would I be able to get out of a home purchase with this clause I put in? Their a/c starting leaking and has missing ductwork, and is blowing air in random places. The contract was a simple 3 page one and I wrote this in.

Also, it is a single family being rented as a rooming house (which is technically not legal here).

 I signed my purchase agreement, the rates came down today to 6.625 which I locked in for. I shopped all of my state's CU last time so I only called the top few this time around, it does seem like the best way to go about things. Many of the properties I have been looking at have issues but in this case I'm working with the seller to let me get it up to conventional appraisal standards before they inspect it. The hard money 10% plus additional thousands in closing costs was too much to swallow.

 Hey, I went down my usual list (all local credit unions) that had the best rates 6 months ago, this one was the best one that I used for my last mortgage. 

The lender is legitimate, they are the local credit union and I have a bank w them. I learned about the 75% rule from BP! Midwest properties are easy to find that do that thankfully.

This post was more about if there were other lenders with better local rates, rather than if I should go with this one. Last time when I called everyone I ended up with them.

 I'm closing with an off market property, a lot less hurdles than the last forclosure I bought with the bank haha. 

It's trustable, a local credit union that I used for my last mortgage. Part of the difference apparently is in them keeping the loan insted of selling it.