All Forum Posts by: Johnny Manziel
Johnny Manziel has started 3 posts and replied 32 times.
Post: 15 year vs 30 year mortgage
- Charleston, WV
- Posts 32
- Votes 7
You want to get a 30 year loan to lower your monthly debt to income ratio. You can pay extra each month if you have discipline. What if you lose your job or something happens? You have less flexibility with a 15 year. You can always refinance if it helps you sleep at night. But the interest difference in a 15 vs 30 year mortgage is less than 1% if you have good credit.
CORRECT ANSWER: Get a 30 year. Pay it like a 15 or as much as you can comfortably. You shouldn't be in real estate if you aren't highly disciplined with your money to pay extra each month.
Post: Eviction for owner occupancy?
- Charleston, WV
- Posts 32
- Votes 7
Originally posted by @Account Closed:
You can't kick any of them out if they're on a lease.
What are the laws where your property is?
My advice: Go learn the laws of your business.
How can people invest in something worth hundreds of thousands of dollars before they know anything about the business that regulates it?
I need to go for a walk.
Its the laws of the loan - it must be owner occupied. She is asking for help not if you need exercise.