All Forum Posts by: Chris C.

you can use a fha loan even for not your first house. (you can use an fha to buy house 3).

maybe get a lawyer to give u a contract to purchase (usually free via the states RE association) in exchange for usimg him for closimg

 Oos=out of state

Hard money usually have high interest rates, and will charge points (% of the loan amount upfront) 

Conventional - bank financing. As low as 3% down, still has closing fees

Private money - (can be hard money) but usually charges lower interest rate, maybe points maybe not. 

At least that's my experience

I haven't had much experience with syndication, but I know the PMs I work with, I always get their cell phone number and for the most part just text. If it's something formal, I'll emailed. But if it's something quick like, hey how is the rehab coming, or where do we stand with signing a new tenant, I just text. Usually get a response within half an hour. 

Why can you keep it? If u move jobs or changes in life situations, you move without any penalty. If one side rents for 950, you would easily cover the mortgage renting both side

Can u just cut off the roots that are in their property? You probably won't kill the tree and you can do it cheap if you self perform

You currently have 252.96 per year in taxes for a $300,000 home. I'd double check that, or expect your taxes to be raised dramatically during the next assessment

hey julia, just quickly looking over it, property tax seems wayyyyyyy low. also insurance seems low (or im overpaying for mine lol). and vacancy seems high. im not too invested in that part of durham, so i dont know. but if u were looking for a purely investing place, the COC return of 2% is too low in my opinion