All Forum Posts by: Jared May

Yep that’s a great option. Happy investing 👍

@Roger Evans I ended up doing a conventional financing with 5% down and pretty low PMI. ( a few dollars extra a month) FHA was still an option, but not the best one.

@Julie Kern very motivated by your story and thanks for being so lucid with your missteps. Wish you the best!

Hey David! Welcome to the investor community! If you end up in Roanoke we’ll be neighbors! (I live just south of Roanoke)And yes, some areas do qualify for USDA loans around there and some back up to army corps land that won’t be developed! Happy investing 👍

Awesome info. Thanks!

3 sfh. Looking for more

Welcome! I'm a REI in Fort Worth. My wife and I also have two young children and are looking for the next opportunity! Best wishes!

I may be mistaken, but I believe you can sign a personal guarantee for the mortgage. That makes you personally responsible for the mortgage and not your LLC. I've never used this strategy myself. Let me know what the bank says. I'd be curious to see what they say.

How about owner finance? Pride in ownership could help prevent some one from trashing it, and if they default just repo and repeat.

Jason Hirko That's how I plan on approaching it when I pull the trigger on the next property. Thanks for your input.