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All Forum Posts by: Craig Johnson

Craig Johnson has started 2 posts and replied 24 times.

Post: Bought my first rental property!

Craig JohnsonPosted
  • Mount Pleasant, SC
  • Posts 26
  • Votes 9

Best Wishes and congratulations Ken!! Keep us updated. 

Post: Buy/Hold #7 is Complete

Craig JohnsonPosted
  • Mount Pleasant, SC
  • Posts 26
  • Votes 9

Well done, thanks for the inspiration.

Congratulations, it's great to hear a big success story!

Originally posted by @Stepha L Lockwood:

Hi Craig,

Thanks for your response.   I had looked into Suntrust online before, and the terms you describe sound great, but it didn't seem like there was an interest-only option.  Do you know if there is?  I hadn't thought about HeritageTrust but will look into that one as well.  Thanks!

I do not know if there is an interest only option. I didn't know that that was a normal offering. I will certainly inquire as I am currently shopping around also. Please let me know if you find a good deal. I am planning on using the BRRRR method so that would be perfect.

Stephanie,

I just talked to Benjamin Runion at Suntrust over in Mt. Pleasant. They are offering 89.9% LTV, all expenses paid including appraisal, and the option to fix the rate on each loan when you take it. Do not use Lending Tree, they will just sell your info. I was planning on shopping HeratigeTrust as well.

Post: My First Flip! With Numbers and Photos!

Craig JohnsonPosted
  • Mount Pleasant, SC
  • Posts 26
  • Votes 9

Great job getting your feet wet, and looking like you knew what you were doing at the same time.

YouTube videos led me here.

Post: A Glimpse of My Personal Finances and How to START

Craig JohnsonPosted
  • Mount Pleasant, SC
  • Posts 26
  • Votes 9
Originally posted by @Account Closed:

Are you looking to invest in your area or looking outside of MP where I'm thinking things are much cheaper?

I'm looking all over. Charleston and Mount Pleasant are very expensive, but North Charleston and Hanahan are much less inflated. 

Post: A Glimpse of My Personal Finances and How to START

Craig JohnsonPosted
  • Mount Pleasant, SC
  • Posts 26
  • Votes 9

Erik, I feel your pain. I am struggling with the same questions. How much cash do you think you need to have on hand to get started, in a responsible manner? And, is it smarter for you to pay your own bad debt down first. I want to go NOW, but I am still trying to wrap my blue collar brain around using massive debt as a tool. My whole adult life has been spent trying to eliminate debt from my life.

One thing is for sure. There is plenty of money out there. If you find a deal that works, you can get it financed. 

Post: Coming Great Depression?

Craig JohnsonPosted
  • Mount Pleasant, SC
  • Posts 26
  • Votes 9
Originally posted by @Jill F.:

Checking in.. prepped and ready to sail. Running my little real estate biz from S/V TEOTWAWKI (Really ;) ). Zombie hordes be dammed. And if things don't go south... the Bahamas are still quite nice in the winter. 

 I swear, your living my dang dream.