All Forum Posts by: Anna Catron

We have 2 doors in FW that cash flow nicely, and are purchasing 2 more this month that will also cash flow.  But I do swallow hard, writing $4000 property tax checks for each one!  The spouse does all the work which creates a better margin!

I'm still a baby, buying our 3rd and 4th doors currently, but I do see good appreciation and GCF in smaller towns between the bigger cities. 

Exactly.  My friend's been with them for a long time and with sizable accounts. She was offered no money down, which blew my mind!

Thank you, sir!  I'll call them now!

A friend of mine says NFCU offered her no money down on an investment property loan.  Anyone else had this experience?  Anyone had any experience with them?  I love our mtg broker, just want to cover my bases. 

I have a woman with whom I work that I'm spoon feeding financial books to!  She's young, smart, hardworking and open to real estate.  She read Set For Life as her first financial book!  Do I follow with Rich Dad, Poor Dad or The Book on Rental Property Investing?

I'm thinking since she's read SFL, she's already sold on taking control of her finances, and maybe Brandon's book is next?  

Fascinating!  Yes, it's a seller's market and the competition is fierce! 

Thanks so much!! That makes perfect sense!

Owner financing is pretty straight forward, but what about when it's paid off in full.  If it's amortized over 30 years, the seller gets all the interest.  If it's paid off (via refi) in 2 years, do they end up getting the same amount of interest?  I'm thinking no, but in trying to "sell" the owner on owner financing, one of the selling points is how much more money they get via interest.  

What am I missing? Thanks!

I don't understand this at all. So they're asking more than what you think it's worth, but with a lower down payment than the normal 20% (which would be 35k). Refi after 24 months (with whom?) to avoid prepayment penalties?

The 8.9% is the interest rate?  That seems high, but I guess if it's someone who can't qualify, then they're willing to pay. And how much of a balloon is due at 4/5/10 years?  Very confusing.