All Forum Posts by: Danielle Jackson

Proving out the power in having a network! Congrats and Happy New Year. 

Welcome to the forum. Happy New Year! 

Welcome to the forum! I would get a handful of quotes and try to avoid an adjustable rate. 

Congratulations and Happy New Year!

Congratulations! What a great story. 

Welcome to the forum and Happy New Year! You can look at other submarkets that may be a bit cheaper. 

I suggest having each co-tenant qualify individually. 

Congratulations! Your sacrifices paid off. 

It depends on your goals for investing. You will find very successful investors in both camps. What is most important to you? 

Also, I do tend to agree with others who caution against banking on appreciation. While values have been on the rise for the past several years, I wouldn't plan on them continuing long-term at the same rate. Now if you are including some rehab/value-add, then forced appreciation is a different conversation. More importantly, how long do you plan to hold the property? 

Also, something to think about too is the time value of money relative to inflation. Cash in the hand today may be more valuable in terms of purchasing power. 

Welcome to the forum! 

As @Joe Villeneuve said. Shop your mortgage otherwise you're leaving money on the table. 8.5% for closing costs is high. You should probably be closer to 4-5% at that loan amount. Some closing costs are flat fees which sometimes skew the numbers for a lower loan amount. Even with that, your quoted closed costs are high.