All Forum Posts by: Layne Campbell

Thanks, It is good to have confirmation.

My wife and I are in an expensive market, and we started looking out of state for our first SFR rental property.

We have been looking in Idaho near our family and we have been working with Jonna Weber, a real estate agent we met on BP. She has been great.

We have been going through the pre-qualification processes with a couple banks in that area and the rates they have been quoting us have seemed a little high.

$175K SFR, 30 year fixed, 15% down, 4.85% APR

$175K SFR, 30 year fixed, 25% down, 4.5% APR

$175K SFR, 15 year fixed, 20% down, 4.6% APR

do these rates seem competitive?

Thanks 

-Layne

Hi, My name is Layne Campbell and my wife is Named Jenna Campbell,

Jenna is a Dr. in Physics working in the photonics industry, and I am an engineer currently working on my MBA through Pepperdine. 

We recently got married, we both love God, and are loving sharing life together. We are both relatively successful in our respective careers and are really starting to consider what the best way to manage our resources is.

Seeing how much money disappears each month in rent each month, we have started looking for our first home, believeing that it would be better to start to accrue equity then indefinitely continue to pay our landlord's mortgage.

we have modest needs and do not want to allocate all of our budget into our own housing expenses so we have primarily been looking at small multifamily homes where we could live in one unit and collect rent on the others. 

We would love advice, we believe that knowledge is power and we are excited about learning more about real estate.

I am excited because I love construction am really looking forward to adding equity though improvement. Jenna is excited because she loves evaluating things and sees looking for a good deal like a treasure hunt.

We would appreciate any tips on good books that are not just "get ritch quick" drivel, but would help with the process of evaluating multifamily home value, to help make a good buy.

Thank you.