All Forum Posts by: Craig Fitzsimmons

Todd Dexheimer - I'd love to hear more about your decision to go out of state. I'm at that point now and strongly considering it. [Solicitation Removed by Moderator] Craig

Corey Blane - I'd be interested in learning more about the properties you have available. Timing might not be ideal for me right now (closed on my first 2 this year already), but worst case it would be another connection. Let me know your thoughts. Craig

@ Kyle Davis - have you considered partnering with another investor to break into the Fargo market?

Jedd Braunwarth I'm in Victoria, and I'd be open to a meet up. Please keep me posted! Craig

Awesome! Keep us updated on your post-rehab progress and rental status. Best of luck!

It is referring to the ratio of the purchase price to the monthly rent. For example, if you're going to rent a SFH for $1250 per month, the 1% rule says you shouldn't pay more than $125,000. Many experts still use this as a guide, but others will tell you it's very tough to find those scenarios and it was more common in the 1990s. I try to use it as a guide, but your full financial analysis should tell you to act on a property or not.

Jared Bouzek It will not be my primary residence, it will be an investment property. Yes, using conventional lending.

Brent Coombs Thank you! Makes sense to me.

Buying and holding.

I've found a lender that is offering the same rates for 15% down or 20% down. At 15% down, we have to pay PMI and the monthly cash flow takes a hit. The COCR improves, but I am curious what everyone thinks. Is it safe to assume most of you would take the 15% down option to keep cash reserves free to pursue other properties? Thanks in advance!!