All Forum Posts by: Ham Merritt
Ham Merritt has started 10 posts and replied 188 times.
Post: Milwaukee REI Club - First Meeting Meet UP
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Meghan McCallum Hoyt Park is a good idea. The beer garden could also be an option. Or, an outdoor setting like Cafe Hollander or something similar. I have been to group meetings/get togethers at Jimmy's Iguana Island Bar/Grill @ the Radisson.
Post: Newbie from Akron, Ohio
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Thomas McFarland Welcome to BP. Hope you have luck with your passion.
Post: Expected downpayment for multiunit investor mortgage?
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Dhru Das @Meera Lakhavani @Stefanie K. It depends on the lender. If you find a direct endorsed Fannie and Freddie mortgage banker with minimal overlays, the minimum would be 15% for s SFR. Anything more than a 2 family would be 25%.
Post: Duplexes in Milwaukee
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Kyle Garro where are you looking to invest specifically and what strategy are you after?
Post: Private Money Lenders For Buy & Holders (Cleveland Ohio Based)
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
Post: Just joined Pro Membership
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
Post: Thoughts on Condos as Rentals
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
Post: Chicago, IL - Newbie - Looking to get started/take action
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Nathan Crumback Welcome to the BP community...
Post: Private Lender in Northern Chicago Suburbs
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Peter Halliday Best of luck to you. I will reach out to some of the investors I know in the area to see if they would be interested.
Post: Increasing Interest Rate to get a closing credit
- Co-Owner
- New Berlin, WI
- Posts 224
- Votes 71
@Derek Luttrell Not a sales tactic. Just an opportunity for you to hang onto more cash. Cash is King. Most people focus on the interest rate being as low as possible when obtaining a mortgage loan. Not really the best way to approach a mortgage loan transaction. It all depends on what your intentions are. If the rent payments are covering part of the mortgage, it's a no brainer to me. Take the cash.