All Forum Posts by: Jennifer Figueroa

thank you both

Hi all. I introduced myself a little while ago.  Have a question that has been drilling my brain all weekend, it will be great to hear advice on what the best course is from experienced and knowledgeable people. I've been researching, these last three days, but there is so much information and diverse opinions I feel lost.  I just closed on a property (primary) last month. I've been thinking about re-financing it ASAP.  My thinking, and it might be misguided, is I will like to get into another property, a rental property before year end.  I am afraid taxes will kill me this year as I used 401K for the downpayment of this primary home.
Should I wait the 6 months?

Is it a good or bad idea to re-fi that quickly?  

Will be sure to continue taking baby steps for a lil while. Thanks 

Hi and thank you 

thank you guys

thank you Dustin

How structured is this method?  for example, who pays closing costs, seller or buyer? I've been researching how to put a deal together for a potential seller.  this is what i have so far: the sell price is around 300,000 (under), I'll be proposing 10,000 down, 30 year loan with a ballon payment of 7 years, 4% interest, $800/monthly payment to seller.  seller is really looking for a cash sell, so i think it's a stretch.  I haven't call him back cause i don't think he will go for it.  Anyone has any advice? 

Thank you all

Hi everyone. I'm new to real estate and I'm here to learn as much as possible to take action ASAP.