All Forum Posts by: Jerry Fowler

Hi, @Mike Reynolds thanks for the kind words and advice! It's really appreciated, and I will really think about what you have said. If I was back in Texas, I might have taken you up on your offer!

Thanks for the replies!

Hi @Kelly Rastatter, thank you so much for the reply and advice.

Yes, to all of the above! I'm open to both but would primarily like to get my feet wet with actual physical work on properties. I may reach out to a few GCs/handymen. Again, thanks for the recommendation!

If you know anyone who could use some assistance, send them my way! I'm a hard worker and a quick learner.

Hi!

Anyone in the Chattanooga area looking for a helping hand with one of your real estate projects(Demo, painting, tiling, whatever)? I want to offer my assistance - free of charge. The experience is payment enough! I consider myself a fairly quick learner and a sufficiently handy person. Show me what to do and I'll get it done!

Please reach out if I can help with anything real estate related!

Scenario: 

• Purchasing primary residence with the intent to flip/hold & rent(still ..researching)
• ~40k cash for investment purposes(rehabbing, etc)
• Portfolio loan option 1: 24 year 3.99% fixed, no dp, no pmi
• Portfolio loan option 2: 30 year adjustable after 10 years 3.49%, no dp, no pmi
• Traditional option: 30 year fixed 3-3.125%, will require dp, possible pmi.

Ideally, we want to preserve as much of the ~40k as possible for rehab purposes. The portfolio option looks most appealing to me because we don't have to touch the ~40k, but after doing some reading, I'm not so sure this would be the smartest move. What would you do, consider, ask in this scenario?