All Forum Posts by: Mat Lewczenko

2002 Huyundai Elantra - 5 speed - just turned 100k -Paid for since 2008

2006 Mazda 6 - also paid for since 2008

I have neighbors all around me that have trucks - but want one myself, just don't want to pay for one :)

This ages me, in maybe a backwards way, my first car was a 1986 Buick Somerset (which is considered a classic now), 3.0 v6, and the first and last car that I jumped on a residential hill getting all four tires off the ground for what seemed like forever...and then landed not as softly as one thinks when he is 16.

I thurly enjoyed that. Thanks for sharing.

I'm on board as well, looking forward to more posts. Keep it comin.

its amazing what happens when you actually price it right = it sells! it's also the hardest part to communicate with the seller.

Good Ole Boy Translation:
Damn, I'm not gonna get one over on this one. On to the next sucker. Oh look there is a retirement community, cha ching!

Just to reiterate what Paul said. Find your Net Requirement and add to that.

One way is to ask the agent what's more important to them - the final pice or the concessions - if they say concessions (for point buy down, closing costs, etc.) then just adjust your purchace price to within acceptable limits.

This can be a win-win for both sides. You still Net what you need, and the buyer can buy down points and eliminate all other buyer costs minus their downpayment, thus bringing less "cash" to the table. Even though the purchase price is higher, thier payments may stay the same and save them money at closing. Lots of ways to play with FHA concessions...as long as it appraises.

75% LTV
1 point and 7.75% interest
5 yr balloon
50% of scope of work in deposit account until appraisal of completed rehab - then you get it back.
12 month seasoning.

Can have up to 5 at a time up to $900k total leveraged.

Good Income
Good Credit
Some investment/Management experince a plus.

This was a great thread. Thanks everyone for their input.

I've used ring central for a while, you can have multiple mailboxes "for management press 1" etc.
Also, anyone can fax to that number and it shows up as a .pdf in my email. Faxing out is as easy as attaching and attachemtn to an email as well.

My basic service is about $16/mo after taxes and fees. I've been really happy with it. It even has nice on hold music for that extra level of credibility. :)

Disclaimer: I am in no way being compensated by ring central, I just like them :)