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All Forum Posts by: Jagger Simon

Jagger Simon has started 7 posts and replied 9 times.

right here! lets connect

Hey everyone, looking for some help on a rental property situation I’m having trouble with, I know how much cash flow I need to make it a good deal for me. I know how much I can spend on the mortgage payment monthly based off rents minus expenses and my needed cash flow to make it worth while, with that being said. Once I know how much I can actually spend a month on a mortgage payment to make the numbers work how do I go about getting that said number for the mao on the property

So here’s my scenario, I currently own a condo I bought as a fixer upper, I got it all renovated and am looking to now leave this condo rent it out and buy a duplex, I have a W2 job, however I don’t think I make enough to qualify for the price of an average duplex in my area and the condo at once, I was reading that you can use 75% of the projected monthly rent income to qualify in the underwriting process with traditional financing, I was hoping I could do that for the condo and the other half of the duplex I won’t be living in, is this in anyway an accurate thing or a possibility? Appreciate you reading though and giving any input. Thanks!

Hey everyone, I’m looking into my first seller financing deal and it’s all going great so far, I just want to make sure that I have everything in the correct order, I’m looking to avoid the attorney fees if at all possible.

So after the deal is constructed it would go as follows:

1 purchase agreement with seller finance addendum

2 promissory note and Deed of trust

3 bring it all to title and closing and I’m good to go ??

If this is wrong please correct! I appreciate any input on this

Hey everyone I have a seller financing deal that I’m getting ready to close on and it’s one of my very first deals ever, because there’s no agents credit checks and all stuff associated like that what goes into the closing costs on a deal like this? Is there an average estimated percentage on purchase price or how does this work? Any advice is appreciated thank you!

Post: Payments on First deal

Jagger SimonPosted
  • Posts 9
  • Votes 3

I am a newbie investor and I have a seller finance deal in the works that’s looking really well, I was wondering how do you make the monthly payments? (Principal,interest, taxes, and insurance) Usually with traditional financing the lenders has it all handled but what do I do in a seller financing situation?? I appreciate any advice thank you

Post: Seller financing help

Jagger SimonPosted
  • Posts 9
  • Votes 3

Hey I’m hoping someone can help me out. I’m getting a property I’m planning on getting through seller financing, it’s a single family home that I plan to live in and may rent out one day but don’t know for sure. and everywhere I’ve looked it seems the refinance part of the deal gets skimmed over, what kind of loan are you acquiring when you refinance? In this scenario could it be a Fannie Mae Freddy Mac loan or would it need to be dscr? Pros and cons to either?

Hello, I have been looking to invest in the Ohio market lately, I’m from out of state living in Oregon on the west coast and looking to learn everything I can about Ohio real estate investing. The good, the bad, neighborhoods to look into or stay away from, etc. looking to build up my boots on the ground team any tips or knowledge would be greatly appreciated thank you.