All Forum Posts by: Donna Johnson

Just to follow up on this thread, Andrew Fidler with LaPlante RE was extremely helpful and spent a good 45 minutes with me about my deal and offered not just rent estimates, but other considerations as well.  

Thanks for another tip- phone appointment made.  

Since you are a college student, you need to decide if you want to invest near your school or if you want to invest where you eventually end up working after you graduate. Near your school may be a good bet, since even if you leave the area after graduation it could potentially continue to work for student housing. If you will be leaving the area soon, you may want to wait to use FHA option, as a requirement for FHA mortgaged property is occupancy for 1 year. BTW, I think you will need 2 years tax returns to qualify. Lots of information online and lenders are always happy to talk to you, especially with the money you've already saved, as a student no less. It looks like you are already on the road to success!

https://fhalenders.com/fha-loan-requirements/

https://www.supermoney.com/how-long-fha-loan

Thank you for the information- I had a appointment set to chat with someone at LPG, but got a message that they were not currently taking new clients (or something like that).  Tuesday I am scheduled with a LaPlante rep and Derek DeVerna has been helpful but does not manage in the area I am purchasing.  

 Who do you recommend?  I've contact LaPlante and waiting to hear back from them, RK Group & LPG.  Spoke with JBowen&Co, but their fees seem high to me.  

 Thanks Felix, I just reached out to both companies- any new ones you recommend that have a good track record since your original post 2+ years ago??

 Are landlord and property insurance policies usually purchased separately or is there a benefit (better rates) to finding an insurer who bundles them together?

Thanks for the info :-)

Donna

Good question and want to follow. 

Thank you Michael Plaks!