All Forum Posts by: Chase Caudill
Chase Caudill has started 9 posts and replied 14 times.
Hello everyone,
My wife and I just secured our first pre approved loan. It's my first time doing a loan this large and the lender is telling me he can't give me a interest rate until he knows the property I'm buying and what condition it is in. Is this normal? I don't feel the most comfortable making offers now if I don't know the interest rate. I was told the interest rate will be locked in once the house is under contract. This could be normal, but just seems off. Any advice would help. Thanks!
Post: Advice on Older Properties
- Posts 14
- Votes 2
Thank you for your input Jon!
Post: Advice on Older Properties
- Posts 14
- Votes 2
Hi everyone!
Does anyone have experience with homes built in the early 1900s? I know they require more maintenance and to get a good inspection done. I'm just wondering if they are money traps? I can get great cash on cash returns with some of these older homes, but maybe making a little less on newer homes is the better move? Any advice on this topic would be great!
Hello everyone!
Im very excited to be starting my real estate journey and I will be buying my first property in the near future. Ive been doing a lot of research through reading books, podcasts, blogs etc. I feel pretty comfortable with a lot aspects of a good deal and cash on cash returns, appreciation, rent rates, good neighborhoods. Basically any aspects that invovles math or numbers I can break down pretty well. The thing that I feel I'm lacking in is buying in a good city/area or finding out if rental demand is needed in that area. I'm trying to buy in Ohio because I grew up there and are somewhat familiar with a lot of the cities and towns. The places that I have narrowed down my searches to all typically have small populations of around 8,000-12,000 people. They have great schools, low crime rates, good employment, lower costs of living etc. Everything on paper seems great, I'm just hesitant on these lower population areas because I don't know if my property will stay interested. If anyone could give me any type of advice on areas like these I would greatly appreciate it. Any advice on location would helpful!
Thanks everyone,
Chase