All Forum Posts by: Jim Miller

@Alex Bekeza The hurricane in Florida messed us up this time. We will be back next year

The tickets have been sold and transferred. Thank you, 

The tickets have been sold. Thank you

@Alicia Marks I have two tickets available, due to the hurricane in FL. I assume there is no cancelation policy for such things?  Thanks

Call 941-740-1115 or reply here if interested. 

Thank you, I will give them a call 

We are purchasing a single parcel of land containing a two-story house with two units in it, a small single-story home, and three mobile homes. The property is located in central Pennsylvania, and we are having trouble finding an insurance company that will insure the property. Can anyone make a recommendation 

@Andrew Garcia, thank you for the response. I would have to agree with your evaluation. 

I am looking to complete a DSCR loan with cash out for additional investments; I have received two offers.

The first is a 70% loan to value, 6.92% interest fixed for 30 years, 1.75% points, and a 5-year sliding prepayment. 

The second is a 75% loan to value, 8.25% interest fixed for 30 years, 1% point, and a 3-year prepayment penalty. 

Let's say the home value is $200K (close to what I am working with). At this time, I have no intentions of selling in the next five years. 

Which of these is the better deal and why?

I am property manager in Punta Gorda. In my opinion, there is no formula that is workable in areas similar to Punta Gorda. You see a mixture of the in-season, off-season, vacation, and annual rentals on the internet. And the online algorithms try to put everything in the same box. Id, be happy to look into the home you are purchasing and give you my thoughts on what the rents should be.