All Forum Posts by: Jim Blackburn

Jim Blackburn has started 26 posts and replied 267 times.

Rick Munoz Your best bet is to buy a 4 unit with just 3.5% down. Control 4 units with very little cash.

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Paul Sabatino assuming your primary is sold, and you are buying new primary, you could buy a 4 unit for just 3.5 % down. Control 4 units with very little cash out of pocket.

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Arkady S. correction .. 75% of appraised value. ( typing to too fast in my iPhone)

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Arkady S. 6 months from date of purchase we can access 85% of new appraised value.

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Bob Okenwa great answer. Angdronell Durant just add "get preapproved by lender in front of step one to understand max purchase power.

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Top mortgage lender, Wells Fargo, has announced that as of June 1, 2017 they will NO LONGER originate FHA 203k and HomeStyle home renovation loans.

Older properties continue to make up an overwhelming majority of the marketplace – and there is a low inventory of homes for sale in this “seller’s market.”

Guaranteed Rate and its in-house Renovation Lending Division continues to grow and originate both FHA 203k and conventional renovation loans.

For those of you who found the "right neighborhood," but wrong property, let's update, rehab or completely renovate the home to fit your needs!

At the first sign a property needs some “TLC” or a complete make-over, please send me an email with all of the following:

property address
estimated purchase price
estimated cost of renovations
estimated after market value
fico score
estimated total savings
estimated annual income

Please feel free to contact me with any questions or loan scenarios.

Jim Blackburn, NMLS ID: 1072866

Top 1% Originator USA 2016 (pg 54)

Click Here to Read Our testimonials

Click Here to Connect on Linkedin

Blackburn Mortgage Team

Guaranteed Rate, NMLS ID: 2611

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Andrew McIntyre 3.5% down for 4 unit with FHA. Own and control 4 units with very little cash. I have a great Realtor in Omaha who would be happy to meet you for a chat. Let's talk.

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Ben Wilkins - nice work. I'd be happy to provide some feedback. Shoot it over and I'll give it a test drive and write up a summary. Jim

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Paul G. Make sure you get preapproved by a lender before beginning your search.

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Leo Maldonado you should getting a 3.5-3.75 rate.

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All Forum Posts by: Jim Blackburn

Jim Blackburn has started 26 posts and replied 267 times.

Post: Newbie from Denver, CO!

Post: need loan advice for first rental?

Post: Cash out Refinance Recommendation Request

Post: Cash out Refinance Recommendation Request

Post: Due Diligence (Houston)

Post: Renovation, Rehab, 203K, Fannie Mae Homestyle Loans

Post: Newbie to real estate investing in Omaha

Post: Multi-Family Asset Analysis Tool

Post: New investor in Gilbert, Arizona

Post: Miami 4-Plex Deal Help