All Forum Posts by: Isiah Ferguson

@Deborah Pyburn Thank you, you're absolutey correct. I barely ever gave owner financing much thought. I always looked at cash purchases and bank loans. I definitely will research this more. Like, where do you find owner financing properties ? is this something I have to market for ? If you don't mine me asking, what's roam do you invest in ?

Hey BP fam.

I'm looking for a great person with an great W2/DTI too purchase our next investment property. It doesn't which state the property is in but as long as the numbers are right. I have 10k just sitting in my bank account. I can't purchase anything myself because of my DTI and the bank won't loan me much. If anyone is interested of building and planning something, feel free to PM me.

Put yourself in her shoes. I think you don't always have to go by the book. I understand this is a business 1st but sometimes' you have to treat people, how you will want to be treated either way. I say follow your gut feeling. If she's a good tenant really consider this because there are horrible tenants out there, I've heard horror stories about tenants. This situation doesn't seem too bad.  

I have a duplex that's free and clear. 1 unit is currently vacant right now. Personally, I'm renting. I was wondering if I move into the vacate unit am I able to do a Cash out refinance with a FHA Loan ? Making the property my primary residence am I able to get the lower interest rate the FHA loan provide ? And also since the minimum down payment for FHA is 3.5% initially am I able to cash out refi at 96.5 with a duplex considering it will be my primary?

Also be careful with financing in general. It's not simple as it seem. There's mutiply qualifications you have to meet either way, to get the financing. Keep in mind your credit, DITI, Your current job or assets. They will consider all theses things. 

Pretty much, this is the same thing i did. I paid ALLL cash. This gives me the opportunity keep the higher CF or i can refinance at any moment to pull my money back out plus more. Cash buy also give you the upper hand on getting a great deal on the purchase, it's a better negotiation tool. With cash you can close faster and sellers like a faster closings' instaed of having too wait for the banks etc. 

Wow. Great story, you displayed great determination to get the desires that you wanted. That is true inspiration. Good luck with everything moving forward and always be determined like you are. Best wishes !!

Also, Let's connect. I live in charlotte, NC but I've really been thinking heavily on the OHIO market for an out-of-state peoperty. You guys, market value really fits what I am looking for. Anyway, Congrats again and looking forward too hearing from you. !!

@Mike Dymski @Damien Hart @Leona N. okay, my handyman doesn't no how to install vinyl. He recommended Ceramic tile. What u guys think ?

Recently, I had carpet in 1 of my units. I'm currently in a rental turnover and not sure which flooring I sure use. Either carpet again which I'm really don't , vinyl, or laminate flooring ? Any suggestions?