All Forum Posts by: Bode Adeyi

@Mat O'Grady

Sweet! Thank you

@Filipe Pereira

Sweet! Very resourceful

@Mason Hickman

Thanks for the insight!

Greetings All,

I have no troubles analyzing deals generally but how do you seasoned investors determine the property tax rates for various towns when you analyze deals?

Additionally, for the property insurance, does that number also vary from town to town or is that moreso depending on the property type, size, market value etc? 

If it helps, I am looking at deals in Connecticut where I reside. 

Your advise will be very appreciated. 

Thank you,

@Stephanie P.

Ohh now I get it! Really appreciate you sharing this info, and disclaimer is duly noted. You have given me a good basis to begin my research and an humble home work lesson to pursue. Thank you so much!!! :)

@Andrew Syrios Great point! Thanks for the input.

@Corby Goade Love the mentality!  Thanks,

@Stephanie P.

That's very informative, thanks for sharing the latest revision on FHA guidelines, as well as the link.

I may be wrong but if I follow your math on the last bullet correctly, an FHA down-payment required, may include 3.5% + 1.75% (upfront MIP), thus, lender financing up to 94.75 vs 5% down-payment conventional enabling a 95% financing. In order words 5.25% down payment for FHA vs a 5% down payment conventional?

Would you also say that the 203k loan that allows lending rehab cost in FHA may be an advantage to go FHA vs conventional?

@Jason D. Good point! It really is a numbers game at this point.

@Andrew Neal Glad it worked out for you, thanks for sharing

@Lou R. Thank you!

@Alexander Flores You have done well with this deal! At least you know better where to put your money next time, it’s all part of learning and getting smarter, my friend. One final question pls, how did you find or market the deal?