All Forum Posts by: Kane Rickman

We have signed a lot of documents, non of them have had correct imformation on how much we’d need to pay and this is because it changes a lot due to when we’ll close because of interest.  Can a notary even be a scam or no? I feel like it’s okay because the notary is from the town we want to close in 

So I looked up his name on that website and he does exist there! 

The notary just called me to make sure we’re still on for tomorrow morning at Starbucks.  

It all seems legit so all in all should I still be worried? Any final words of advice for me? 

Thanks! 

I need some advice here on a refinance I am going through currently and to see if it could be a scam.  

I’m going through a broker whose number I received from the mail on a streamline refi letter.  He has been very easy to work with except he says a lot of confusing things and is hard to follow.  Anyways it’s been about 40 days and we’re set to close in two days.  We’re meeting a notary at a Starbucks and are told to bring our checkbooks because he’s not entirely sure how much we will need to pay yet (somewhere around 900 dollars which is way less then the  original estimations which was 1500)   I’ve been told we don’t need to pay our mortgage payment which was due on the 1rst of febuary..  Should I be worried? And how can I figure out for sure I’m not about to get scammed and lose 900 dollars and miss a mortgage payment? 

Thanks for your input! 

Mindy, 

The property is located south Wellington  about 10-15 minutes from CSU.  It is still quite a distance but I have multiple friends who would love to rent from me and are okay with the short commute.. it's also a 3 bed 3 bath but has an unfinished basement which has potential for the extra bedroom and bath.. 

Jeff, 

I will be in contact with you shortly, thanks! 

Jeff,  the purchase price is 260000 and i have qualified a couple months ago through a conventional 3% down for only 240000 as a primary residence.. im trying to raise the number and get a new prequal letter for the purchase price so we can get a contract but our lender is 1. Taking days to email me back and 2. Claims since i live far from the house I will be highly questioned by the under writers and it's unlikely to get approved.. I might thinking it might be wise to just switch it to an investment property instead of living in it.. 

I applied for a primary residence but i would also be okay with it being an investment property if that makes it easier to qualify.. I live at home currently for free and can do that as long as I'd like. My main goal is to just get the house because it has such strong potential in my eyes.

I have one other job lined up but would be planning on working both jobs. And no, one job is restaurant work while the other is construction 

Here's the situation.. we found a great home which can easily become a 4 bed 4 bath close enough to a college so we can rent out two rooms easily.. we have had a job for two years but the problem is that the house is located an hour away from where we work and our lender says this will not look good to the underwriters especially since we don't make so much there (can't claim tips). Our real plan is to work the other job we already have set up which is in the same area.. but we can't really tell the lenders that because that obviously shows a lot of risk.. I need advice on how to by pass this in anyway.. is FHA going to be easier then conventional? Can we make it a investment property instead..? We could have 20% down but would have to pay our investor a pretty high interest rate.. instead we only have 4%

I am 18 years old and looking to invest in real estate.  I Have been working a little here and there for the past couple years.  I payed off my 10,000 dollar car, have 2,000 In the stock market currently. Also have about 2000 saved. What I would like to see happen is save some more and then put a down payment on a cheap house to hopefully fix up and either live in or sell for a little profit.  I have experience In flipping houses but still have lots to learn.  I have my grandpa who is a carpenter that would help me with ny first house.  I was thinking of buying a property In Waco Texas (the market Is cheap but  should be growing very shortly)  the problem is i need to move out in 3 months so if I'm going to do this I need to get the ball moving soon.  Do you believe this is a good idea? If so please let me know and if not please let me know why.