All Forum Posts by: Frances L.
Frances L. has started 19 posts and replied 57 times.
Post: Which to buy first, first home or first investment property?
- Homeowner
- Abington
- Posts 61
- Votes 1
Originally posted by Barry Watts:
If you buy a rental property first, you don't have to wait until you have the 20% cash to pay down. Since most of the investment property is priced so far under appraised value find a hard money lender to carry you through the rehab phase. This is usually a 90 day loan. Then at the end of that timeframe use the equity in the house to re-finance to a long term finance solution. This is how most of our deals are done, very rarely do the folks have 20% to put down.
I am news to this. I think it need some time (rehab)to learn about what Barry said.
Post: Rent Increase Innormal
- Homeowner
- Abington
- Posts 61
- Votes 1
I sent the landlord email. Express my upsetting. He agreed to keep the originally verbal agreement.
Thx.
The tax for need to be threee years.
Post: Projected Job Growth & Population Growth of U.S. Cities
- Homeowner
- Abington
- Posts 61
- Votes 1
Originally posted by Eliza Parsons:
Here is 2008
http://www.forbes.com/2008/03/19/best-business-cities-biz-bestplaces08-cx_kb_0319places_land.html
Post: HELP! My car value has crashed 28%!
- Homeowner
- Abington
- Posts 61
- Votes 1
Originally posted by Jon Holdman:
We've had bubbles before and will have another one any time now. .
We have bail out.
Post: A Terrible Year to Buy a House?
- Homeowner
- Abington
- Posts 61
- Votes 1
Originally posted by Diane Menke:
RE is local. In our area the bubble was not so hi nor did it pop so loudly. In the past few weeks renters have started buying their first homes.
For cash on cash we look for 20-30% on a rental prop purchase AFTER paying out mortgage. We have to cherry pick but we find them.
In Phily suburan area, theprice of the houses do not come down that much at all. but there are a lot houses you can choose from.
My friend has a few properties. She are basically making living by collecting rent and doing property management . Rental incoming is her sole income. Since the houses she rent out is asset, house value appreciate well for those past ten year ?do you know how those asset would affect her FA.
She is single mom with two kids. One is college bound and another one would be in high school. I am surprised no one here mention about the college funding.
Post: Best REI book you personally have read.
- Homeowner
- Abington
- Posts 61
- Votes 1
Originally posted by Jeffrey Koenig:
Jeffrey ;
What books for starter ?
Thx.
Thanks. I think it over. I plan to purchase a house cheaper and borrow against my 401k to make my 20% percent down.
I just found a buyer agent in PA. In the agreeement between buyer and agent. It states the buyer need to pay broker an additional amount of $295. It is general practice in PA or ..
Thx.