All Forum Posts by: Christine Grimley

DTI, liquid reserves, FICO, 2 years historical tax returns of consistent income I would say.

Not sure, she could probably sign as trustee of the trust if the trust is the borrower.

Thank you both - we were at the mercy of cold calling electrical companies in the area. 

Appreciate it,
Christine

Hello!  We are looking for an electrician for some work in Brooklyn Center, MN.

Would appreciate any references - need a small job completed asap as well as to take a bid in the same house for some more extensive re-wiring.

Thanks,

Christine

Nice!! I just sat for CFA Level III  (Hopefully it's over).   Let me tell you that is one demanding test.... It pretty much ate up my social live with the full time job every spring.  I am just now looking to buy my first duplex.

If I were in your shoes, knowing what I know now, I would buy an owner occupied duplex before study season begins at FHA 3.5% down and then pay low rent and learn about being a landlord through your house hack during your three years of CFA studying (maybe 2 if you're taking level 1 in December).

Then you'll be able to learn... and save some cash.. and learn... and when CFA Exams are over you could jump into something on a larger scale.
 

Let me know if you have any questions or thoughts, happy to help although I am also new to R.E. investing.

Good luck!!

I'm looking at FHA loans for a duplex at 3.5% down and hoping to generate positive cash flow assuming I "pay" market rent also. Maybe the purchase price is too high if 30% is what you need to put down for positive cash flow ?

@Javier Sanmiguel Great!! Sounds like you've already made the jump with your first duplex - that's a big step.  Look forward to joining you :)  

Chris Grenzig yep but private baking so we do the small investor commercial loans as well as large consumer loans, all held in the portfolio. Thanks for the welcome, very excited to follow the forums and definitely will have some questions :)

Marc Jolicoeur that is pretty much my plan, to underwrite a lot of deals and read books and slowly fine tune my spreadsheet. I would love to connect with you and hear about your assumptions when you underwrite. I will pm and we'll set something up!

@Eric Beise That would be wonderful, I'd love to get your take on the Minneapolis market also .. I'll be in contact !