All Forum Posts by: Joshua Springer

Thanks for the info.  Better to hear it now then when I really don't want to hear it :)

Often times a credit card cash advance has a flat rate fee on amount advanced and the 0% is often not for cash advances.  Beware of the fine print.

I'm going to assume a portfolio loan under an LLC but having my personal guarantee would count against me?

This is a knowledge bomb dropped on me if this is the case!

You have 17 posts in 6 months. A big part of the benefit is sharing your experience and helping others. When you post content that is benefitial for someone you may end up making a connection to someone based on your knowledge that could be fruitful in your future.

In your situation why not post some tidbits about PM that you've noticed in your area.  Maybe make a blogpost about PM.  I see so many horror stories about PMs I think it would be easy to connect with people in Indy and any other territory you have just by talking about what sets you apart.

I remember a day when you'd call for support of this nature and asked for payments over $100...big reason I taught myself all this crud about computers I know.  Google seems to be a good company even if half the world is afraid of it.

This can go two ways...either the "I rub your back you rub mine" and both people end up happy or eye for an eye kind of thing. 

I think you're probably right to ask for some sort of incentive to go above and beyond vacating an excessive amount of "free" time you get during the month.  $3,000 seems outlandish and, as the reponses have suggested, will most likely evoke an emotional response from the landlord. 

Ultimately something more along the lines of $500 might give your friend enough incentive to leave for a few extra weekend hours throughout the month and not be out of line for the LL to pay for making his life/sale easier.

Make sure whatever happens you find a lender that will allow outside funds to be used as a downpayment on your deal.  Typically if someone else is going to have a stake in the deal the lender is going to want to qualify them as part of the process.

Look up your state laws, but typically in SFH there are less restrictions in who you pick BUT you usually can't advertise to specific groups of people...age, gender etc.

Wayne is spot on about differences in FHA/conventional. PMI, if I remember correctly, has to be removed once your loan hits 78% of the original loan. If you think your home has appreciated more before that then most lenders will have you pay for an appraisal and see if you qualify to remove PMI. MIP, as Wayne said, is FHA version of PMI and stays on for the life of the loan(refinance to get rid of it at 80% LTV).

Fannie Mae 3% program.

http://www.fanniemae.com/portal/about-us/media/corporate-news/2014/6203.html

Could always see if it's more valuable as commercial and just sell it and move somewhere else ;)