All Forum Posts by: Tanner Kenneth Jenkins

@Joshua Janus

That’s a really great point. No I haven’t. How much should I set aside for closing costs would you say?

@Jonathan Greene
I think it will rent out for about the same, maybe a little less. Only possible problem is that it’s a little more on the poor side.

That’s actually a great idea @Jonathan Greene. I have a sister living in Boise, Idaho which is also pretty Hot. However, the neighboring towns are only like 25 minutes away. 

The only concern that I’ve had with that is that they aren’t as nice as Boise. They have a 2.5 star rating on rootstock vs 4 star in Boise. What are your thoughts on that?

@Patrick Bavaro

Yeah honestly that would be the most ideal. Doing an FHA loan would be the most practical but the problem I'm finding is that the market is so high that the rent to pay for the mortgage plus mortgage insurance makes it so the deal isn't feasible. I've done several calculations for duplexes and at the end of the year I'm in the negative.

It’s already hard enough finding a place to house hack and live in but once mortgage insurance is added in it’s almost impossible in this market. Any advice on that? Seems like you have some experience with it.

@alexanderfelice

1.) I am familiar with the markets in Portland, Oregon and Salt Lake City Utah. They are tough fully the same in pricing.

2.)I am looking to get into multi family home. Starting out with anything from a duplex to a quad plex.

3.)I’ve done the math and I think with in a year I can afford to put 20% down on a 500k house.

4.)I am not completely sure which I am looking for. It seems like the market is so high right now in both of these areas that appreciation seems like a lost cause.

I do, however, like the idea of appreciation better because that I feel will help me to scale up faster and get better and bigger rental properties.

5.) what do you mean by ground resources exactly?

Are you planning on flipping and then selling it? Is that why you used a hard money loan?

Hey guys, I am 21 and not married. Wherever I buy my first property at is where I will probably move to. I am open to all and any advice that you can give me. As someone who is looking to buy a rental property in the coming year, how did you all pick your locations to start? Are there websites or tools that I can use to decide on a location? Thanks!

I keep getting numbers for mortgage insurance that are completely different. Some PMI Calculators say it's just 175 and others say it'll be more like 475. If I am getting a $600,000 loan with 3.5 percent, what would you say it would be closer too?

Hey guys, I'm an aspiring investor looking to get a triplex in six months. I have enough for 10 percent down but am wanting to avoid mortgage insurance on an FHA loan. With mortgage insurance the numbers just don't add up. All my analyses are negative for all these properties I am looking at. Who has experience with piggy back loans for their down payment and can walk me through their numbers? Thanks so much. I love this website!