All Forum Posts by: Mason Yost
Mason Yost has started 3 posts and replied 5 times.
Post: Financing After 10 Conventional Loans
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Hey I am a newbie and very curious about this topic. What do most people do once they have obtained their 10 conventional loans in order to finance rental properties? I appreciate all the responses and tips and tricks
Originally posted by @Dustin Lunceford:
Hey Mason, I would suggest finding a local lender to work with. Lots of lenders have FHA loan products available. Most local lenders will also be able to match national lender interest rates. Another added benefit to using a local lender is beginning to build a relationship. Ask other investors in your area their go-to bankers. Find one you like and start to build the relationship. As you getting further into your investor career having a pre-existing relationship with a banker will help!
Thank you for the feedback. I have another question that you might be able to answer. What’s the best way to go about finding good local lenders? Asking my real estate agent or just doing some google searches?
Hello all,
I have been immersing my self in real estate knowledge to prepare to pursue a house hacking deal this spring as my first property. I am planning to use an FHA loan and put 3.5% down. I have questions about where I should get the loan. Any suggestions on to find a local lender or use a national company like guaranteed rate? Any info on pros and cons?
I am a newbie so appreciate all the help and tips
Post: Need help with a property buying issue I have
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Hey everyone, I have been planning on buying a property with my fha loan and house hack it for awhile. My plan has been to buy the property in the spring and move in by April. I keep up with my local market and evaluate deals weekly and there is a property that I have been watching for a couple weeks now that fits all my criteria and is a big home run deal, the perfect house for me. I have the money and am ready to put an offer in, but due to a lease I am in now and other things it's not logistical for me to move until the spring. I'm lost at what to do? I dont think its common for people to hold a property for 6 months. Should I just hope the house stays on the market for a couple more months or else move on? Anyone have any suggestions that can help me with this predicament?
Thank you!