All Forum Posts by: Craig Dangler
Craig Dangler has started 0 posts and replied 4 times.
Post: Need Some Advice
- Hinesville, GA
- Posts 4
- Votes 1
Stacey,
I think the beauty of him offering the financing is you can really structure the terms however you want. If he says no to your original terms, restructure it, but like most negotiations, don't bring terms that aren't best for you right off the bat, it can only go down from there. How is his timeline? Could he afford to receive several balloon payments over 5 to 10 years?
Post: VA Letter for Conventional Loan?
- Hinesville, GA
- Posts 4
- Votes 1
You should not need any certificate of eligibility. Remember that not all lenders are high speed. Sometimes they hear military and instantly think you want to go the VA route. I would just remind them you are not doing a VA backed loan and will not be providing it. Should be good to go after that.
Post: Need help- property Managers I am using are dishonest
- Hinesville, GA
- Posts 4
- Votes 1
To me, it sounds like you need to get tough with your property manager. They're going to keep on saying you need to do more and more repairs. Also, you mentioned having to pay $2000 for a repair? Could you explain this more? It sounds like you are discussing multiple tenants. My property managers always get my approval and I have a change to do some repairs myself. Blinds cost $15 for a set of two inch blinds and could be installed in about 30 mins tops. You really got hosed on that "upgrade". Also, not sure if you would even be required to provide blinds. I have rented a place without a shower rod. One of those things that is nice to have in place, but the tenant had the chance to view the property and saw it didn't have them before they leased it.
Stop paying these fees to your property mismanager. Get tough, go in to their office and speak your mind to them. They wouldn't make any money if it weren't for home controllers like you. I say controller, not owner because, see who ultimately owns a house when you don't pay taxes. You can control a property as long as you pay your taxes, but do you ever really own it?
Definitely want to make sure you have some reserves set aside for unexpected expenses as Jean had said. Lender's do offer conventional loans w/ only 5% down for primary residences. Maybe you just aren't happy with your current home and need to make it a rental and you could occupy another home. Who knows, maybe you'll get tired of living there after a year or so and may seek another primary residence.