All Forum Posts by: Isiah Ferguson

Put yourself in her shoes. I think you don't always have to go by the book. I understand this is a business 1st but sometimes' you have to treat people, how you will want to be treated either way. I say follow your gut feeling. If she's a good tenant really consider this because there are horrible tenants out there, I've heard horror stories about tenants. This situation doesn't seem too bad.  

I have a duplex that's free and clear. 1 unit is currently vacant right now. Personally, I'm renting. I was wondering if I move into the vacate unit am I able to do a Cash out refinance with a FHA Loan ? Making the property my primary residence am I able to get the lower interest rate the FHA loan provide ? And also since the minimum down payment for FHA is 3.5% initially am I able to cash out refi at 96.5 with a duplex considering it will be my primary?

Also be careful with financing in general. It's not simple as it seem. There's mutiply qualifications you have to meet either way, to get the financing. Keep in mind your credit, DITI, Your current job or assets. They will consider all theses things. 

Pretty much, this is the same thing i did. I paid ALLL cash. This gives me the opportunity keep the higher CF or i can refinance at any moment to pull my money back out plus more. Cash buy also give you the upper hand on getting a great deal on the purchase, it's a better negotiation tool. With cash you can close faster and sellers like a faster closings' instaed of having too wait for the banks etc. 

Wow. Great story, you displayed great determination to get the desires that you wanted. That is true inspiration. Good luck with everything moving forward and always be determined like you are. Best wishes !!

Also, Let's connect. I live in charlotte, NC but I've really been thinking heavily on the OHIO market for an out-of-state peoperty. You guys, market value really fits what I am looking for. Anyway, Congrats again and looking forward too hearing from you. !!

@Mike Dymski @Damien Hart @Leona N. okay, my handyman doesn't no how to install vinyl. He recommended Ceramic tile. What u guys think ?

Recently, I had carpet in 1 of my units. I'm currently in a rental turnover and not sure which flooring I sure use. Either carpet again which I'm really don't , vinyl, or laminate flooring ? Any suggestions?

Someone feels' my pain and confusing I deal with everyday trying to figure this business out too financial freedom. I will suggest to not worry about the future so much and get things done 1 day at a time. RULE #1 NEVER give up. Keep striving, enjoy the ride, and always keep the end goal in mind. GOODLUCK the rest of the way, too you and your family. Best wishes......

@Kurt K. @Mary White Thanks for the feedback. I appreciate you guys prospectives. I just want to scale my buisness up the faster and safest way possible. Also I'm 26 yrs and I would to be financially free at lease by 30. I will keep digging and figure it out.