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All Forum Posts by: Thomas DeLay

Thomas DeLay has started 3 posts and replied 7 times.

Post: Low down payment .. to lock in interest rate

Thomas DeLay
Posted
  • Posts 7
  • Votes 3
Quote from @Doug Lee:
Quote from @Thomas DeLay:

Looking to purchase another home for a house hack with my wife. We have enough for a 20 percent down payment but would like to get a lower interest rate, would it be possible to put 6 percent down to lock a lower interest rate and then put 14 percent more down later to make out payments lower ? Thank you guys in advance such a great community! 

You get a lower interest rate by buying down the rate ie putting more down, not less.  There is a point of diminishing returns.  If your finance person is honest, they will be forthcoming where that break point is.  Usually it's around a 1 - 2 points below where you're originally quoted assuming you have great credit and are financing  conventional terms. 

 Thank you for the quick response Doug ! I will speak with my loan officer 

Thank you 

Post: Low down payment .. to lock in interest rate

Thomas DeLay
Posted
  • Posts 7
  • Votes 3

Looking to purchase another home for a house hack with my wife. We have enough for a 20 percent down payment but would like to get a lower interest rate, would it be possible to put 6 percent down to lock a lower interest rate and then put 14 percent more down later to make out payments lower ? Thank you guys in advance such a great community! 

Post: Cost Segregation study for single home rental

Thomas DeLay
Posted
  • Posts 7
  • Votes 3

Thank you so much for your advice !  I will do my homework and look for someone like you mentioned thank you again ! Bigger pockets truly has some great ppl 

Post: Cost Segregation study for single home rental

Thomas DeLay
Posted
  • Posts 7
  • Votes 3

looking to get a cost seg from my rental home on the central coast, or at least get a quote from someone only one I was able to find was one in santa Barbara they just did industrial buildings

Post: First time rental Central Coast, Ca AirBnb House Cleaning service

Thomas DeLay
Posted
  • Posts 7
  • Votes 3
Quote from @Dave Stokley:

Finding good cleaners might be the hardest part of doing STR! Your best bet is to post on local Facebook groups, Craigslist, and try TurnoverBnB.


Post: First time rental Central Coast, Ca AirBnb House Cleaning service

Thomas DeLay
Posted
  • Posts 7
  • Votes 3
Quote from @Danielle Kimball:

Check out Turnover BnB! https://turnoverbnb.com/

Good luck :) 


 Turn over alright I will check it out thank you ! 

Post: First time rental Central Coast, Ca AirBnb House Cleaning service

Thomas DeLay
Posted
  • Posts 7
  • Votes 3

Recently bought a new house and have plans of doing AirBnB in my old house. The house is located on the Central Coast, Guadalupe Ca. Looking for help finding a cleaning service that is near buy its a 2 story house 1800 square foot, we had a cleaning service prior selling it about $220 every 2 weeks. she is pretty booked. Any help would be great, thanks again