All Forum Posts by: Craig Jeppesen

Just give it to them. They are underwriting a loan to give you their money. What does it hurt you? They are going to ask for a lot more personal info why get mad at something so simple.

Cool, I hope it works out for you! 

The simple answer is a brrr is a rental so you are not going to put custom cabinets and other things expensive improvements into it like you would a flip. You can pay a little mote since you will spend less on the rehab.

Just be sure to understand how the interest is calculated. I have seen many whole life plans quite a rate and also give you a future value of your investment. When you do your own future value calc you should have way more money based on the rate of return but you don’t earn anywhere near the interest rate they quote you because of the high fees. I do have some whole life but prefer term insurance and keep most of my investing separate from insurance products.

Mobile homes go down payment n value, have lots of repairs, most of the time they are on rented land so you have to pay lot rent. Lots of reasons to not buy them. But buying the land and receiving lot rent can be a good investment.

I max out my allowed 401k option. You get free money from the company match and I have a Roth option so my funds grow tax free. I only invest in stock mutual funds in my 401k. I hope to retire with a few million in liquid stocks mutual funds and a few million in cash flowing real estate and will not be paying much in taxes if any at all when I do retire.

I also have used loans from my 401k to rehab properties that I have flipped.

There are definitely benefits to both stocks and real estate and I believe you should do both.

First that is just the starting bid and will go for much more than that.

Second, a zestimate is worthless. 

Third you need cash to buy at an auction.

Try your local credit union, but really why worry about it. A few months is nothing and will be here in no time. I would wait and find the lender with the best terms rather than seasoning requirements. You are thinking short term vs long term. Would you rather get a loan 2 months earlier but pay an extra 50 bpts over the life of the loan?

Simple: cash flow does not equal taxable income. That is one advantage of RE investing. Your cash flow is always higher than what you pay taxes on.

We have built two houses to live in and I have put up a vinyl fence in both times. Both times, I asked my neighbors if they were willing and able to pitch in. Both times one did and one did not. I don’t worry about the one side not pitching in. It was my idea and they might not have the funds. Put up the fence and move on.