All Forum Posts by: Sean Kuhn

I have had several mortgage brokers, all have been very good. I'm curious though, each one after another say my debt to income ratios are really tight but they think they can get the loan through, and they do! I'm on my 8th conventional and I'm wondering how they do it. And mortgage brokers out there? Are they interpreting the rules differently?

I like the font, it gives a very friendly feel.

Also at my friends house they added an addition onto the house to make a longer garage. They framed over the siding and put a slanted roof on it and sealed the gaps in between with great stuff and called it a day. Leaks all the time.

The usual silicone being used as adhesive is always prevalent. Extension cords used to wire homes is common. I owned a house where the attached garage was converted into a living space. To heat and cool it they just took the vents from the adjacent rooms, covered them up and opened them up into the garage a foot away. Needless to say, that half of the house was very undervented. My friends furnace was somehow installed so all the cold air returns in the center of the house blow air and the vents on the outside walls suck the air. Totally backwards and it gets very cold in that house.

You can get up to ten mortgages with Fannie Mae. Find a broker or bank that mortgages to Fannie Mae.

Theres no reason to insulate a basement wall. Temperatures usually stay comfortable down there. I would hardwire a dehumidifier to your furnace so that whenever it kicks on the dehumidifier kicks on too. Then have the drain go into the sump pit. That's what I did so it can't get shut off 

That's a lot of what ifs. When there's that many what ifs I walk away. I'm not expert but I would think septic tanks last for a very long time. Septic fields are very simple and have few problems except tree roots. Really cleaning out the tank should be your only issue. 

Nick I'm leaning that way too. Any rental I own for twenty years will each need a new roof and furnace at some point, whether it's now or ten years from now. 

It's an A neighborhood with $1500 a month. I usually get my furnaces and ac units installed for $4000. 

I always allow 20% of gross rent for vacancies and repairs when I do the numbers for a potential rental property. I'm currently looking at a potential property that needs all the usual cosmetic stuff(floors, paint, appliances) which I always calculate into my final price and return on investment. My question is the roof and furnace will need to be replaced in 2 to 5 years, let's say 3.5 years. Do I figure both of the those into the purchase price or do I let the 20% vacancy and repair budget pay for those?