All Forum Posts by: Jim Blackburn

@Neil G.

Sound like a 400k condo w 20% down. You might be short of break even if with HOAs. Lmk if any more questions!

@Mike Rios

Definitely the cash out refi with a fixed rate.

But I think you can find a much better right now.

I would keep looking. 

Jim

@Paul Sandhu

Craigslist , what’s that?

@DJ Roshan

This here’s a story bout Billy Joe and Bobby Sue....

Cash is king.

Reducing your risk of not receiving rent in the future by 100% sounds like a no brainer to me.

It would take an awful lot to convince me otherwise.

Would you rather have $48,000 cash upfront or $4,000 month by month with the risk that each month moving forward the tenant may either lose his job or spend the money?

Just like the eagles say....

 https://youtu.be/-WCFUGCOLLU

Got a question?

Just ask,

Jim

@James H.

Why don’t you ask him why he wrote it and report back what you find?

https://www.linkedin.com/in/john-csiszar-863a9514

@Ethan Eddy

Have you thought about buying it as your primary residence first so that you can get a better interest rate and a lower down payment?

And then you can convert it to a rental property after you move out and buy another primary. 

Got any more questions?

Ask,

Jim 

@Whitney Ortiz

You get a lot more else for your money in GA vs CA, which means you tie up less of your capital. .

You could actually buy a 4 unit property in Augusta area for about 300-400k. 2BR/1BA units that will each rent for be 600-900. Total gross rents 2400-3600.

With 25% down, you have a total est. mo. expense of approx. 1200 -1500/mo. Strong cash flow. Good for buy hold.

If you need an intro to any Augusta realtors , pm me.

Jim

@Kameeka Shirle

Everywhere in Florida is pretty solid. 15% down for investment. 25% down for the best rates.

Jim

@Christian Daviscourt

Your best bet is to purchase a multi family home as your first purchase with an FHA loan at 3.5%. You're able to open in control for residential units for an extremely low down payment.

If you buy a single-family home first… And then you try to buy a multi family later, you’ll need 25% down.

The FHA loan as a first time purchase is the best way to buy a multi family property with less than 25% down.

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