All Forum Posts by: David Stone

Great! Thanks for the info guys!

Cool. I'll have to give it a try.

Shaun, Thank you! I am going to try a local private bank and see if they will work with me.

Just starting out and considering using https://cozy.co to manage my rentals. Was wondering if anyone has used this and if so if it is any good?

Shaun, Yes, it is a conventional loan and I only have One property which is my primary residence. (Which has a mortgage of 46k)

John, Probably a good plan. Thanks for the advice!

Michael, I am planning to buy/hold. I only own one property my primary residence which is just a single family home. The value of my primary residence is 80k. Thanks for the response!

Thanks! I didn't know you could do that.

I am looking at purchasing a duplex for 80k. I have 30k in equity on my primary residence. I am going to use this for the 20% down. This would be my second property. The lender I got my first mortgage through is saying I need 6k in reserves to meet the criteria. I only have about 2k in the bank since I have been fixing up my primary residence. She suggested maybe to check out a local private bank? (I Only make 22k annually after taxes and I am 20)

I am looking at purchasing a duplex for 80k. I have 30k in equity on my primary residence. I am going to use this for the 20% down. This would be my second property. The lender I got my first mortgage through is saying I need 6k in reserves to meet the criteria. I only have about 2k in the bank since I have been fixing up my primary residence. She suggested maybe to check out a local private bank? (I Only make 22k annually after taxes and I am 20)