All Forum Posts by: Jorge Magana

Hi Sabrina,

Why not use your VA benefit now and potentially have a lower mortgage payment then Rents in Orlando? You can have seller pay for closing cost and have a house of your own.

Welcome Travis! BP is a great place if you are brand new to investing. I would start here https://www.biggerpockets.com/real-estate-investin...

Shoot me a PM and I'll be more than happy to talk to you about REI.

Welcome Djemky! Go Knights! Im also a UCF grad and you should check out CFRI to meet local investors as well. http://www.cfri.net/

Hi Chris,

Let me know if you have any questions on lending or the area in general, I mostly invest in Seminole and Orange county. I can help you find competitive and investor friendly loan programs.

Hi Jenny, I just closed an FHA loan with a 3.375% but we initially looked into a 203k loan and we could have locked the rate for 45 days at 3.875%. Might be different in Jersey but two give you an example.

@Account Closed Thanks!

@Jared Maltbie we used conventional lending. Yes the property was originally bank owned. 

 thanks!

Yes, they are in a reserve account. We didn't hire a PM just to gain the experience as a landlord, funny enough the tenant who we selected is a property manager (really great tenant so far). We did some repairs ourselves but most of the kitchen and bathroom was done by a contractor. @Ian McKeown

Yeah definitely @Jay Patel  

P&I- 397.75

Insurance- 52

Property Taxes-113.50

Vacancy- 73

CapEx- 60

Repairs- 48