All Forum Posts by: Joshua Springer

Try schneider insurance gahanna

Hi Anita,

I'm an agent and investor in Columbus.  Being an agent is really about making investing easy for me but I plan on doing a few deals here and there for friends/family etc.  I'd be more then happy to try to answer any questions you might have about the columbus area.

Understand the vocab words.

Check auditor site and see if they have a registered rentals section for the neighborhoods.

Check zillow.com and rentometer.com to get an idea of current listed/rented rentals and prices in neighborhood as well.

You should also be asking about ongoing fee's and commission splits.

Do the tedious stuff and let them do the major walls.  They have the equipment to breeze through large areas without obstructions very quickly.  If you take care of bathrooms and small work etc it will save them a ton of time and you lots of money.

99.9% of the time the 15 year will pay off earlier even if you make the same payments as "extra" on a 30 year because the 15 year rate is significant enough difference typically to let a 30 year be compareable.  Now when you get to much smaller mortgages...say 75k and under the  payoff time difference becomes almost unnoticeable(assuming low rate environment).

WIth that being said the huge benefit of a 30 year mortgage is flexibility. You can paydown extra if you want, you can keep the high cash flow if you want and you will qualify for new loans easier if you get 30 year mortgages because your DTI will be lower.

The interesting idea would be to see what kind of principal paydown it would take to accelerate a 30 year amo into a 15 year time period so you'd receive benefits of low DTI while still paying it off in same amount of time(obviously only beneficial for a small group of people).

This all being said I keep rentals at 30 years and personal at 15...want to pay off my personal residence asap so if the unthinkable happens..major injury, death to wife or myself etc we'll be able to live in comfort on 1 income and keeping extras for kids futures.

http://www.biggerpockets.com/forums/67/topics/2052...

That's your previous post that was replied to incase you're not sure how to find it.

There's a couple colleges up that way.  Is it close to one of them... could be a supply of tenants assuming you are willing to deal with them :)

I charge a $250 non refundable fee and $30/month per pet.  I grew up with a lot of animals and I know what they can do.  I prefer not to foot the bill for it but don't want to keep away plenty of good tenants with animals that will pay extra for it.