All Forum Posts by: Daniel Miller

What is everyone thoughts on this? Is this going to cause another housing bubble?

I see where you are going with the hard money lender and leveraging is definitely a great option but how much leveraging is too much? being young and having no kids im guessing your advice would be to leverage as much as possible?

I have been looking for a good rental property for some time but with the condition of the current market,  rentals with 2% return are not easily found in my area anymore. Also, everyone and there mother is investing in the market right now. The market seems high and buying now does not seem to fit the buy low sell high strategy.

not sure i would qualify for both those loans. interesting thought tho.

Currently I am living in a 50k home i bought for 14k a few years back.I have it paid off and I have an additional 40k to invest.

I made a short sale deal on a property 7mo ago that is finally looking like its going to happen. The purchase price will be 160k and the homes renovated value is between 210-220k. (4bd 2.5ba on 5 acres inside city limits)

My question is, should i do minimum repairs and rent the home out for around 1500mo (pay the morgage) or flip the home. With home values on the rise, i dont think now is the time to flip a home.

I am 28 and single with no kids. I dont need a house this large at this point but i would love to live there one day. Finally i would like to sell my current house and move to the other side of town. I could purchase a home on the otherside of town for around 90k in cash and live there.

what makes the most financial sense?

my credit is in the 800 so I'm not worried about my score. I was just hoping there was one with more cash back for paint, appliances etc. 

Not looking for a card specific to one store like a lowes card but a credit card that gives 3-5% back at all home improvment stores.

My chase freedom card gives 5% back but only during certain months. I would like to designate a card specifically for rental purchases.

long story short. Made a 22.5k offer on hud home. Est. value 55k. (My first investment property ever) my offer was out bid. The couple who outbid me backed out of home due to inspection reason. Hud emails my broker saying the accept my offer. (A month later)

I go relook at house. Decide to continue with my offer and buy home. Now 30 days later HUD contacts my agent and says they don't even have the title to the house so basically I'm SOL.

1) how does this happen.

2) how can they back out.

3) what should be my next move?

Can I legally use the extra money from a 203k for upgrades aND instead use that for a down payment on another home?

when leveraging rental properties from fannie mae what type of loan is that called exactly? Also what are the best ways you have found to get leverage.