All Forum Posts by: Jason Vannoy

@Luke Carl I don't rent to nurses personally but work with a lot of them. The agencies they work for give them a stipend for housing. My understanding is you get more income, like a STR.

I am a 36 yo with a steady income from a career outside of real estate. I have 5 rentals and my fiancé has 3. We both have steady careers, etc. The question is a market timing one I suppose. Should we liquify stop the almost top of the market (now), place in a low risk, interest yielding account waiting for the recession fire sale?

Thank you all very much for your expertise and thoughts. I am going to attempt to negotiate better terms and see the response. I will keep you posted.

Thank you all for the responses. This is my first post, I apologize for lack of details. He is asking 125,000 without owner financing and 135000 with owner financing, 7% interest for 30 yrs. tax value is 125,000. I was going to negotiate better terms. I wasn’t sure what options to attempt. I appreciate your thoughts on the creative structuring. The main reason I was considering the owner financing was because I heard it helps to use owner financing if possible because the traditional bank mortgages are not affected. So when I do graduate, I can buy another house with ease. I have a mortgage and med school loans so I saw this as an opportunity. The house I own beside it takes in 1200 in rent and it’s exact same blueprint. Property is 2 mins from university. No renovations needed to the property. Seller painted, new carpet, 1yr old HVAC and unit. Annual takes on the property are 1100 a year.

Hello, I have an opportunity to buy a house one house down from a property I own. It is in a college town and generates 1000-1200 a month. I am currently in physician assistant school and graduate in July 2018. I cannot get a traditional mortgage right now because I’m full time student. I have someone I trust to co-sign if I wanted to get a traditional mortgage. The seller wants 10,000 more on asking price if he does owner financing and 7% interest with 10,000 down. I have cash I have saved in a mattress somewhere, not in a bank account. My questions: 1)Is it better to do owner financing so when I graduate in July and get a job I can get a traditional mortgage assuming the banks can’t see this owner financing agreement? 2)is it better that I do owner financing because my cash is not in a bank account and I won’t have to explain where I got it (years of saving)? 3) is it true the banks can’t see this agreement and I would be better off trying to get a traditional loan in the future? If not, should I buy and refinance when I get a job? 4) should I offer more cash down to get a better interest rate? I appreciate any insight on this, any thoughts. Thank you!

Hello, I am going to school and would like to buy. There are three attached town homes for sale individual or all together. My question is if I bought all three (the entire complex) and lived in one with the other two being investment, could I get a standard home mortgage opposed to a investment mortgage? If I purchase a home as an "investment property" it is an assist and impacts the amount of loan I could get. I was thinking if I live in one and rent two could I get away with that not being an investment property? also how would that work with a duplex?

Hello all, I am new to the site and just bought my first rental through my LLC this week! my question is I am going back to school and thought I would buy a home where I go, pay the mortgage with student loans and then keep it to rent or sell it and get my equity back. my question is does anyone know if I were to go ahead and buy the house, would that impact my ability to get student loans?

I have seen some things when googling this topic where student loan debt did cause complications with getting a loan. I am in a different boat, I am trying to go back to school and want to buy a house where I go. I'm wondering if a mortgage would cause me to not be able to get federal loans for school.