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All Forum Posts by: James Canavan

James Canavan has started 9 posts and replied 13 times.

Starting Out

Post: Deciding on how to get started.

James CanavanPosted
  • Investor
  • Orlando, FL
  • Posts 14
  • Votes 4

@john Kent 

I'm thinking of refinancing to have the option to rent in case I decided to move into another area. I guess if I decided to live there I could borrow against the equity to roll into another house. What would you recommend? 

0 Votes
Starting Out

Post: Deciding on how to get started.

James CanavanPosted
  • Investor
  • Orlando, FL
  • Posts 14
  • Votes 4
Originally posted by @John Kent:

@James Canavan that sounds like a good plan. Although, 203k is a long term loan what do plan to accomplish with a refinance? I would also ask what happened to the "and profit" part of your plan?

0 Votes
Starting Out

Post: Deciding on how to get started.

James CanavanPosted
  • Investor
  • Orlando, FL
  • Posts 14
  • Votes 4
I'm a first time home buyer in Florida looking to get into investing. I'm wanting to get some thoughts on the direction I'm thinking of going. I feel with my credit and cash on hand that going into a FHA 203k loan with 5% down, fixing up the property and refinance after a year or 2. "A live in flip if you will". Any thoughts would be greatly appreciated.
1 Vote