All Forum Posts by: Bobbie Richards
Bobbie Richards has started 0 posts and replied 4 times.
Post: New contractor from Jonesboro, AR
Bobbie RichardsPosted
- Bono, AR
- Posts 4
- Votes 2
Congratulations on starting your own company Laden. It takes great courage and and a strong will to succeed. I am a small investor in realestate in Bono and Jonesboro, Ar but I grow a little each year. I would so love to start a new business too. Very proud of you.
I like you Russel. I bought my 4th rental house this year. I paid 116K and put about 8K in renovations. I rented it for 1050. A month. But I did not buy this house until I paid off another that was 100k. It took me 3 years and I reinvested all my income from my rental properties and what I could spare from my primary income. I am a nurse and only make about 72,000 gross a year.
Post: Loan approved with 20% down, now they say 25%??
Bobbie RichardsPosted
- Bono, AR
- Posts 4
- Votes 2
I applied for a loan for a rental house and they said 20% down and then at closing told me I also had to have 6 months worth of payments in the bank. Luckily I had it but I thought it was a nasty little trick.
Post: Loan approved with 20% down, now they say 25%??
Bobbie RichardsPosted
- Bono, AR
- Posts 4
- Votes 2
I'm a new comer to this forum but I am learning a lot from you guys. Thanks for the comments.