All Forum Posts by: Eric Armstrong

thanks for the info guys. I am looking to hold the prop as a rental. As I increase my offer price I'm lowering the interest rate and extending the length of time before the ballon, correct?

I know there are hundreds of ways to be creative but I'm looking to keep it simple. How would you offer on a home in this situation? Specifically looking to offer multiple options to seller. Seller would be willing to take 20k cash but I don't have and haven't been able to get that much. House is probably worth 40k as is, needs less than 5k to have rent ready and will rent for 900/mo. Thanks for your input. Eric

Welcome David. Check out DelREIA.com for local education and networking.  

hi Michele - please add me to your buyers list for Chester county PA and new castle county DE. 

The Glass Guru is right in Newark. 595-4820

Get loan in personal name. 

if you are getting a mortgage for a house that is not your primary residence(investment) you are most likely going to have to put 20% down which would be about 46k if you are buying for 230k. Possibly u could buy it "sub 2" and just take over payments and then refi down the road when the i laws decide to move?  

Hey Sean- it's sounds like you have the experience neccessay to crush it in the REI business. I think your best bet is to link up with several realtors that work with multiple investors. They will have access to the properties and have close connections to the money guys. I'm not to the point of one of those crushing it investors but I'd love to chat about working together and could refer you to several people.

no, investment. 

Example, home value is 100k with 50k on the mortgage. Can I get a HELOC that will be 70% LTV and get access to 20k? Thx Eric.