All Forum Posts by: Kurt Traynor

Originally posted by @Dave Foster:

@Kurt Traynor let me know if I can help your family sort through that dual enrollment thing.  It's a gold mine.  My two oldest have 165 university credits between them and we have not paid a penny yet in tuition.  I've got two more on the horizon and believe me dual enrollment is in their future.  

For everyone else check this out in your state.  Many states offer something similar. 

 Thanks again Dave.  My so. Is in the IB Program and we’ve been told he can’t dial enroll, however he’s a 4.0 and is crushing it with extra clubs every day after school.  He’ll probably pursue business major with music minor.  After college he can join an orchestra or teach while driving his Real Estate forward as he wants his RE license when he turns 18.  Sorry again Noah for jacking your thread!   Have a killer Friday everyone!

Dave Foster great advise too! I just sent this discussion to my son..

Congratulations on knowledge alone Noah! My son is very much like you. He’s a sophomore at Southeast and his mindset is Real Estate Investing!! I could go on and on about where he wants to go with this, but this is your post! Good luck on your journey! My wife is a realtor so our son is constantly looking over her shoulder.. plus driving in the car my son and I are usually listening to the BP Podcast! I love it!

Thanks everyone. This is why I asked the experts of BP. No hidden issues, all legit! I haven’t applied for a loan because my wife and I were going to take a short break from ownership since we banked nicely on our last live in Flip, but we’re ready to go again! I used the proceeds of our last sale to pay off everything!!.. Plan is another house hack. With an FHA I plan on minimal down and then utilize my funds to rehab. Then 2 years later, sell.. repeat. Utilizing those proceeds to buy rental properties.

Good Afternoon.. I've been reading up a lot about FHA loans and have come close to answering this question.

How long do I have to wait to get accepted for an FHA loan after I have sold my primary home. I had a conventional loan previously and sold that home in October of 2016. I've seen many different answers to my question and before I start calling brokers can someone give me a clear answer?

My credit is 860 and my DTI is minimal and I've been renting for about 4 months and want to get into another home but don't have the down payment currently for a conventional.

Can I qualify for FHA now?

Thanks in advance,

Originally posted by @Steve S.:

I have 6 SFH which are all rentals in Florida. I am moving to Texas in two years and would like to purchase a small apartment building 20-30 Units. What is the best way to sell all properties and pay the least amount of tax? If its even possible to 1031 into commercial, from a SFH rental, I wouldn't be able to sell all and find an apartment within allotted time (90 days I believe). Also is it possible to cash out refinance all homes and wrap them all into one mortgage?? Anyone know a lender in Florida that I could talk to about that?

 Steve, if you choose to sell instead of cash out Refi can you post info on the portfolio?  Location and specs.   TIa

I wonder if the Billboard comes with the land?? Location of unit in question is on the edge of many factors. I prefer the Northside of Busch Gardens near the University. My friend owns a restaurant/bar 1 block east of this unit and pulls from many different demos, so very diverse. Cleaned up, I like your Condo conversion thinking. Good luck.. I was just past there yesterday.. lmk if I can assist with Boots on the Ground. I’ll be in that area again on Wednesday this week.

Steve Vaughan haha. “Til Death”!! That was great. Ty I too refi’d my primary, now rental, during the HARP days. I love the 15 because, although the cash flow isn’t as good the fact that over $1100 a month is paying down the principal. My opinion is if the 15yr payment works in the numbers, do it.. but you definitely have more options in the future with a 30 yr in case your strategy changes. Good luck!

There's 3 types of Termites in Florida 1: termites you used to have 2: termites you currently have 3: termites your going to have I personally just dealt with this on my home I have for sale. During the inspection period it was discovered, subterranean termites.. treated and repaired. Good news is I have a a barrier around the house with a 5 yr warranty. Since dealing with this personally I'm hesitant on purchasing any frame homes for my rental portfolio. If I do, I will factor in Termite treatment contracts Florida weather is an incubator as you know.. everything and anything grows, bugs and mold are everywhere... it's the trade off for beautiful weather and beaches!

Joe Garvin sounds like the buyers could have cold feet, with understanding.. I'm scheduled to close on the 29th and we're still a go, inspection was yesterday and appraisal scheduled for Tuesday. I'm just north of Sarasota, looking like we're going to have Cat4 winds,, I'm just praying my house doesn't get damaged.. Prayers for all of us here in FLA!! This one is going to hurt..