All Forum Posts by: Jeremy Jackson

@Lee Scarlett  Right...Now if I could get my agent up and moving! 

@Richard Dunlop Credit score is above 760.  How long would it take to recover?

@Lee Scarlett  Thanks for the feedback.  I understand rehab, holding costs and deal analysis.  Just looking to get creative and after looking at the credit card scenario, looks appealing.

@Scott Carder Cash on repairs.  I'd have to come out of pocket monthly to meet the deadline.  I'm ok with that in order to have another property free and clear, in less than 2 yrs.

Each property will be different, along with financing scenarios.  I'd recommend continuing to analyze different deals, just to gain experience and play with different numbers.  Also, check out different deal analysis posts on BP.

I still haven't found someone reputable AND fair priced.  I fired 2 guys my last property in Louisville.  Ended up having a friend finish it for me.  Stay away from Jon Boyer and Alex Weedon.  What kind of jobs?  I do have a really good hard wood flooring guy.

So, I'm on to my next property (buy and hold). I'm wanting to put as little cash as possible up front for the next one. I'm buying in the 10-25k price range. I have two credit cards. Current balance of $0 on both. Credit card A has a limit of 10k, 17.99% APR, currently offering 0% APR on balance transfers until Aug17. Credit card B has a limit of 10k, 11.9% APR, currently offering 1.9%APR on balance transfers until Feb17.

So if I'm gaming this right, I can purchase a 10k property with card B, transfer the balance to card A with 0% interest, as long as it's paid by Aug17.  I understand that the interest skyrockets to 18.9% after Aug17.  I also understand that there is a 3% transaction fee ($300).

What am I missing?  Anyone else doing this?

@Justin Weber Thanks.  I'll see if they service the Temple area.

I have a friend with a property in Temple.  They've had countless problems already, in the first month, with the property manager.  This one came recommended also.  I'm realizing GOOD property managers are really hard to come by.  Let me know if you've had a good experience with any in the area.  (I'll be needing one in a few months also)  Thanks!

A strip club, across from the courthouse?  Where do the federal employees go now?  :)

@Bao Huynh

Congrats! I agree with other. You may want to let the property season 6-12 months before attempting a HELOC.

I'm also curious how you landed a conventional loan on a multi with 10% down.  Owner occupied?