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All Forum Posts by: Joseph Williams

Joseph Williams has started 1 posts and replied 8 times.

Post: ISO insurance company in Virginia.

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0

Wes Condrey Va Farm Bureau. 

Prince George Office
5291 Prince George Dr.
Prince George VA 23875

Post: Rental in Minneapolis

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0

FHA would need to be owned occupied so not sure how you would do that out of state. I believe within 60 days of closing you must move in to not commit mortgage fraud. Just do some research as this can get nasty if you are caught.

Post: Abandoned unit in Minnesota

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0
Search goggle for MN LANDLORD TENANT LAWS, should pop right up. They have a nice 100+ page PDF that will give you the info you need.

Post: Multifamily in NE Minneapolis Minnesota

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0
Price is high for NE. Maybe in uptown but not NE.

Post: Assets Protection through Wyoming LLC HELP?

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0
Does anyone know of a how to guide or blue print for setting up a Wyoming LLC with a registered agent? Corporation to manage the LLC etc? Talked to an attorney today and he wanted 14k for 4 LLC's and 2 Trust. Thanks Joe

Post: Deal of the Century  4-Plex Apartment  Complex Really good ROI!

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0

Pauline, please add me to your list. [email protected]

Post: Minneapolis REIA

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0
Sean Blomquist are you still hosting meet ups in the twin cities?

Post: I don't understand when people refi and "get their money back"

Joseph WilliamsPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 9
  • Votes 0

When you refi do you still have to put the 20% down for a conventional loan? 

I purchased a house for 144K and the current mortgage payoff is 114K. I believe it would appraise for 175K, would the numbers work for me to refi at 175K, paying off the 114K loan and taking my 61K elsewhere? 

My question is do I have to put 20% down on the new 175K loan? so would by 61K be subject to     - 35K downpayment and turn my walk away cash into 26K?