All Forum Posts by: Jeremy Williams

I've heard on newer listing 15% below is the norm. Anyone experienced with hud have any insight?

ok, sounds like I won't have to worry about this then. I'll work on getting more details tomorrow from the lender. Appreciate the info, advice, and input from everyone

I'd rather struggle for a few months than have to pay mortgage insurance for 10-30 years. I have the option to do 15% down with this company but I can liquidate my non-ira account if need be. Like this deal too much to let it slip by.

Do they usually allow investments that are in stocks? I'd think volatility was a concern, unless it's a large account.

I understand that, the house needs work though. I'll be living in one side fixing that up for a couple of months and then working on the other side. This will probably push the ability to rent this out at least 2-3 months depending on the amount of the reserve. I guess I just hate the fact that I won't be renting it for so long but will have this money sitting there probably gaining little to no interest.

looking at a duplex and just received a call from a loan officer/broker stating I'll need a reserve account with x amount of money in it since I'm planning to to rent out half the the home. I was going to do that on my own anyway but just wondering if this is normal?

I've been working with an agent over the past two months who is good but just too busy. His office mainly operates in an area I'll be investing in and it would be nice to still hear from them about deals they may have that aren't in the market yet.

What are some good ways to keep a good relationship with an agent I haven't haven't bought any properties through?

anything retail here is just more expensive anyways. for buy and hold I look for 12% or higher cash on cash and a 250-300+ cash flow. When I wasn't looking into investing a couple years ago the downed economy made this easy in some neighborhoods, now though it's tough to find retail.

I'm looking around Sacramento (my my backyard). finding some bad fixers seems to be the easiest way way to find anything. No luck finding many move in in or near move in ready places here for cheap. I could probably do some cash deals out of state but not in cali

In looking around on BP paying cash is a great way to find deals, but I'll be sticking with conventional financing for my first property until I can save up enough or find a partner.

Doing a bit of research I'm finding that not having a ton of cash I can go with:

-Retail/MLS

-HUD

-REO

-Craigslist sellers

-Landlords or out of state landlords who are ok accepting offers other than cash

-Possible wholesalers who will work with conventional financing

Just looking for other ideas for those who have completed deals with conventional financing. A lot of what I read is solving other people's problems by getting them cash and you a property but conventional financing doesn't allow a quick enough sale.