All Forum Posts by: Aaron Barber

 Do you need to be able to change the code remotely? I like Schlage options 

For NOO on SFH, I have been quoted 3.875% on 75 % LTV with one lender, and 3.375% on 70% LTV. Has anybody been able to get a rate better than 3.875% on a NOO Investment SFH?

Ok thanks Aaron. Nice! You you were able to use your VA loan a couple times after freeing it up? Or were you able to use it twice?

Again, please stop with the personal attacks to anyone to does not agree with every word you write.  Also please stop generalizing. There are plenty of examples of people buying at the top still being under water. See examples below that took 2 minutes to find: 

1. Sold for 2.3 million in 2007 - now on sale for 2.2 mill. You invest that at 8% avg return for 12 years and you have 5.5 million today. Thats 3.2 million dollar loss - https://www.zillow.com/homedetails/35-Muscogee-Ave-NW-Atlanta-GA-30305/35901424_zpid/

2. Sold for 3 million in 2008 - now on sale for 2.8 mill. you invest that at 8% avg return for 12 years and you have 7.5 million today. Thats a 4.5 million dollar loss - https://www.zillow.com/homedetails/1220-W-Wesley-Rd-NW-Atlanta-GA-30327/35917213_zpid/

3. Sold for 2.6 million in 2008 - now for sale for 2.8 million. you invest that at 8% avg return for 12 years and you have 6.5 million today. Thats a 3.9 million dollar loss - https://www.zillow.com/homedetails/2969-Andrews-Dr-NW-Atlanta-GA-30305/82626237_zpid/

I do realize there are plenty of examples of houses being valued more now than at the top in 2008 but I am reminding people to be careful.

You do realize that most people buy houses with loans right? Your math is fuzzy because you are acting like they paid for those million dollar homes in cash at the top and then sold at a loss later on. So yea they could have invested that $ at an 8% return for 12 years. But it would have only been whatever $ they put down... Not the full value the house sold for.