All Forum Posts by: Jhanel Wilson

Network where dr's and dentist are. Or go to an appointment and start talking about real estate. Try Gala's.  Once you get one, word of mouth spreads.

Commercial mortgages are amazing.  Why are you opposed to getting one?

Hey Harvey,

I am new to social media and can only handle a few sites.  I am on Linkedin but I'm not active.  I do get notification so I will respond, but I am more active in instagram.. I post more about me, projects, tenant drama etc. IG @jhanelwilson

You could make 1200 in less than 7 year if you invest correctly.  You didn't answer my first question.  Why dont you get a loan.

Negative cashflow, speculative  appreciation, is what was going on before the crash of 2008.  

Pretty sure they all charge something.  A bank I often use charges 0.5 points for orgination.  Can't promise they will give you the same.  I have millions in loans with them.

Are you unable to get a loan?  You could put way less money down if you got a loan.  Does it need renovation?  Would you cash flow?

I usually try to do seller financing only if it allows me to put less money down.  Otherwise, what's the point?

Yes I do cash out refinances all the time. Also my loan officer told me that banks prefer loans instead of lines of credit. 

And rates are at an all time low, best to lock in the rate.  After you buy the 2nd property, you would get another cash out loan to buy the next. And so on.

@Manny K.

You are definitely overthinking this. You are not teaching them any life lessons you are hurting yourself here. They will go on to live miserable lives with their poor principles. You will go on being happy, cash flowing, growing wealth for your family. You will be the one who is ultimately winning. Always look at the bigger picture.

@Kyle Parks

Congrats on your offer being accepted!!

I’m one of those people who don’t raise rents. I can make substantially more money from the cash out refi, then by raising the rents, which has a significant impact on the lives of my tenants, much less of an impact than what it has on me. It’s not worth it to me.

I value other things much more than financial gains.