All Forum Posts by: Kevin Brunke

Yes, I drove through it once because Jerry Clower mentioned it when describing where Liberty, MS was. I bet I'm the only person who owns property in Advance, MO.

Our front door was letting water in from rain with a strong north wind. It took me a while to figure out what was going on because everything looked good from the outside. I finally laid down on the floor and watched it to figure it out. It was hitting the door, sliding down the door and when it hit the weather stripping attached to the door, it was coming in between the weather stripping and the actual door-not between where the threshold and door meet. When the weather stripping on the door was attached, it was not sealed so it was sending water both ways when a heavy rain hit it.

If there is decent habitat and elk or mule deer around, you could lease the land to a guiding operation to help with some of the bills.

If it were me, I'd pay off my primary because it is your greatest liability and refi the one with negative cash flow. That way if it hits the fan, you still have a roof over your head and aren't guaranteed to lose money each month.

Thanks for the replies. The loan officer got back with me and the rate was upped a little because my loan was less than 100,000 and the advertised assumptions were for a 150,000 loan.

I've been reading the forum for a while, listened to most of the pod casts, and have read several other real estate books, but do not currently own investment property. We have a conservative strategy we plan to pursue in the next few years to diversify our investments and secure our financial future. Nevertheless, we are currently refinancing our primary residence to lower the payment/rate and expedite paying it off to rid us of all personal debt prior to investing in other properties. I filled out the loan application last night and it said the rate was 2.75% (not locked in), we got the initial paperwork today and it gave us a rate of 2.875%. The difference is trivial for the 99k refi, but it got me to wondering what causes the difference? We both have good credit at around 820. We didn't want to bring any cash to the closing, so it's all rolled into the new loan. Are these advertised rates only for people with perfect credit? Did the financing of closing costs add additional interest? Thank you to all of the highly experienced folks who donate their time in answering questions on this forum to help people like me get a better understanding of the real estate game. Kevin