All Forum Posts by: Jake Johnson

Just completed a buy for a $250k single family home from a sale by owner , thought it was an ok buy based on her initial list of $266k . No commission to buyers agent or seller agents . Bought this with a FHA owner occupy loan . Interest rate is 4.9% , 30 year term , location is in Fresno , Ca . My credit score is good , 800. After asking around ,my brother pointed out that mortgage rate is high , I felt like the mortgage rate should’ve been around 4.6 % . I worked with a family friend who did a good job with the process but I should’ve have verified the rate ! Just wanted to share this with new investors . TRUST but VERIFY! Slightly bumped about it .

Just completed a buy for a $250k single family home from a sale by owner , thought it was an ok buy based on her initial list of $266k . No commission to buyers agent or seller agents . Bought this with a FHA owner occupy loan . Interest rate is 4.9% , 30 year term , location is in Fresno , Ca . My credit score is good , 800. After asking around ,my brother pointed out that mortgage rate is high , I felt like the mortgage rate should’ve been around 4.6 % . I worked with a family friend who did a good job with the process but I should’ve have verified the rate ! Just wanted to share this with new investors . TRUST but VERIFY! Slightly bumped about it .

Thank you everyone for the analysis . I will take all your insights to better analyze potential properties.

Hi , just wanted opinions on this prospective property : Price : $540,000 4 plex : 2bed and 1.5 baths Year 1971 , but recently renovated this year 2018 Price /sq ft : $136 This is in central California Rents : $900/unit x 4 = $3600 x12 = $43,200 /year 25% downpayment : $135,000 Mortgage approx: $2858 Property : B Neighbor has good school district . Area has potential for growth due to new developments and professional schools . Would appreciate any thoughts on this .

What’s the name of the app calculator?