All Forum Posts by: Shanequa J.

His name is Scott Sheppard with Coldwell Banker Mortgage. When you call the numbers on the website, they connect you with a lender in your state. He might not be able to help you because he is based in North Carolina. Another thing they check, is if the house is in a declining area, meaning people are moving away and values are decreasing. That could be why they want more money.

<<<<------- Not a guru, but here is my advice. Not every bank will do a homepath loan. On the homepath site, there is a list of specific lenders that do these loans. The guideline is 10% if you have 4 or less mortgaged houses and 20% (I think) if you have more than 4. I only put down 10%.

Motivated sellers (one's that really need to sell). I haven't found any yet.

That's soooo stupid. Why should they be a protected class? They're criminals for a reason and most go back to their same activities. As a landlord, I would want to know why someone went to jail and should have the right to reject them because of a record.

I lived in Hawaii for 3 years and the houses did not have heat. I think it would depend on how cold it gets.

Quit claim deed to llc; file at court house.

I only have 3 houses. I'm trying creative financing because I don't want any more houses on my credit report. My plan was to get about 5 seller financed houses and then get a blanket loan. I'm looking to buy and hold. The problem is that alot of the seller's in this small town aren't educated about these types of deals. 3-4 hours over in Charlotte (a big city), it's advertised on Craigslist all the time.

The company is a law firm with paralegals preparing the letters and lawyers signing the letters. I paid $79 dollars a month. There are cheaper options available. There's also no upfront costs. I tried another company and they charged $200 upfront, $100 a month, and didn't delete anything. Lexington mailed disputed letters to the 3 reporting agencies and to the businesses. I first used them when I was about 20. They deleted no less than 7 deficiencies on each report. It took about 9 months for everything to be cleared only because Chase bank held on to the very end. A friend used them also and was able to buy a house later. I think creditors take the dispute letters more serious if they come from a lawyer.

If the rental is really low income, I would do vinyl. The higher the target income, the better the flooring would be.

I don't reply on most posts because they are years ahead of my experiene and I really don't know the answer. The ones that ask for an opinion, I respond.