All Forum Posts by: Keith Miller

Our speaker this month is Leslie Laird, the Vice President at Juniper Capital. Juniper Capital is a lender in Missoula that offers a variety of different loans, including hard money. She is experienced in lending and will offer us a unique perspective on the current state of the lending industry.

The Missoula Real Estate Meetup has three main goals:

1. Learn more about the Missoula Market

2. Make authentic connections

3. Share strategies and information

As always, there will be no selling of any products or services, and it's always free to attend.

Feel free to bring any guests, see you there!

Sweet dude, I appreciate you laying all the numbers out, that's super helpful. What were some of the things you learned from buying this house and the rehab?

Also, you wrote two different purchase prices for the house, are those two numbers the price you bought it at, and what its worth today?

Is everyone else seeing a slowing market in Missoula? I'm seeing houses sit for longer, and was recently the only offer on a property, it was nice to avoid the usual bidding war. 

https://links.e.stessa.com/u/c...

The Missoula Real Estate Meetup has three main goals:

1. Learn more about the Missoula Market

2. Make authentic connections

3. Share strategies and information.

As always, there will be no selling of any products or services, and it's always free to attend.

Our speaker this month is Leslie Laird, a Vice President at Juniper Capital. She is a lender in Missoula that offers a variety of different loans, including hard money. She is experienced in lending and will offer us a unique perspective on the current state of the lending industry.

Agreed, except I'd get a USDA 0% down loan, since it's a rural area. 

Yeah, nothing too much to add. I would really like to help change the laws so that Montana was a disclosure state, but it seems like an uphill battle. 

We got the back gazebo reserved, hope to see you there! Make sure to bring a warm coat, we'll be outside and it's going to be around 57 degrees. 

See you soon!

So what did you decide Grant? Are you still at your current job in Missoula, or have you taken the plunge?

Good call Sam. I've actually just finished up using both. About two years ago, I got a $70K HELOC on my primary residence, to put a down-payment on my backyard townhouses. Then, I just finished a cash-out refi of $165K. I'm only walking away with $97K though, because the first thing the bank did was pay off my HELOC. So you can mix and match, but with the rising interest rates, I'd lean a bit towards a refi. It all depends on what your goals are though.

Thanks for the response Dan! I'm wondering why I couldn't get credit for the roughly $2,500 I'll get from renting my primary residence once I move out. While that lease hasn't been signed yet, it's a very tight market, and I'm confident I could rent it quickly. That would improve the my cashflow, using the 75% rule, to $6,225. That gives me an extra $2,225 per month of income. But the trick is to find a bank that will count that lease that has yet to be signed. 

I'm going to reach out to a few banks that keep their loans in house, and see if they can provide more flexibility.