All Forum Posts by: Andy Vasquez

Freddie Mac created a new (I believe) rule around PMI. I refinanced in November 2021 and now I have ~25% equity in the house. I reached out to discuss removing PMI and they said that they DO NOT LOOK at the current value. The only way to remove the PMI in the first 2 years is direct payments to the principal, or capital expenditures that would increase the value of my house, based on the price at the TIME OF MY REFINANCE. This is ridiculous and I asked around and no one has ever heard about this.

I tried complaining to the CFPB, but they do not regulate Fannie or Freddie. I also attempted to file a FOIA, but found that Freddie and Fannie are not bound by FOIA requests. Any suggestions on what to do, or who to complain to? I spoke to Freddie multiple times, but they are not at all helpful.

0 Votes

I own a row house in Washington DC. My monthly mortgage is $4150. I have lived in the house for over two years and now want to rent it out. I think $4000/month is realistic for my home. I am in the process of getting it 'Rent Ready'. How do I analyze the right amount of money to invest in the house to maximize the rental income?

0 Votes

Quote from @Chris John:

@Logan McKay Zylstra

I'm not sure if this is controversial or just downright mean, but I'm having difficulty finding sympathy for people right now that are suffering from inflationary rental prices. They've literally voted for this for years by making it difficult/expensive to build in certain locales, flooding trillions of dollars into the market, suppressing interest rates so we're a country of cheap credit junkies, creating a class of American that sits somewhere between a renter and an owner with rent control laws in that they have ownership privileges in every way except that they don't actually own the property, etc. I just keep thinking, "sow the wind and reap the whirlwind". I hope they learn something as they take these knocks.

Also, I feel like STRs are changing the metrics of what a "safe" real estate investment is in dangerous ways for those that may not fully understand the STR game. I know I don't, so I'm probably wrong on this one...

What is a STR?

2 Votes

This is great! I live in DC, but will try to make it.

1 Vote

I live in Washington DC. I want to rent out my home and purchase a second home. My goal is to accumulate Cash Flow (it's an ambitious number) over time and after 5 years take that Cash Flow and invest in something bigger.

My first question is when you do analysis, do you start with a city (to forecast growth) and then look at the property, or look at the property and then analyze the property?

When doing analysis on an area to invest in, I can think of looking at the following metrics. What am I missing?

-Population trends

-Unemployment %

-Median/mean house cost

-Avg. rent vs. avg. purchase cost

-Available inventory

1 Vote

All Forum Posts by: Andy Vasquez

Andy Vasquez has started 9 posts and replied 42 times.

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Post: How Do I Complain About Freddie Mac

Post: How Do I Complain About Freddie Mac

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