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All Forum Posts by: Chase Caudill

Chase Caudill has started 9 posts and replied 14 times.

Post: Interest Rate Question

Chase CaudillPosted
  • Posts 14
  • Votes 2

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!

Thank you for your input Jon!

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!

Post: Finding a great location

Chase CaudillPosted
  • Posts 14
  • Votes 2

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