All Forum Posts by: Chris Kovarik

 Is there a cap ex rule of thumb to follow? 

Thank you everyone for the prompt and insightful responses.

Welcome, we're in the same area.

I have enough cash on hand that I could purchase a home in a less afluent part of town, or finance in a nicer area?

I've always been a little gun shy about borrowing money, but understand financing could increasing my total return on investment. 

Any advice or insight is much appreciated.

Glad to see another Kansan on here!

Hello everyone!  I'm a long time podcast listener that has been interested in real estate for years.  I'm at a point where I have the financial resources to start investing and am eager to learn from those more experienced.

Thanks for reading.

Hello everyone!  I'm beginning my investment journey and am working on pre qualifying for a loan.  Wells Fargo quoted me over $5k in closing costs and I was wondering if this seems high to anyone more experienced.

They also said if I was an LLC they could only loan me money to purchase a rental if I had a million dollars of assets with them.

Finally,  how many mortgage companies do you recommend I shop before I decide on one and are there major differences in mortgage companies?

Thanks for answering a rookies questions!