All Forum Posts by: Kevin Tornes

@Wes M. Great to hear! Thanks for helping keep this thing running.

@Julia Taylor Thanks for the update. We ultimately decided to go with South State Bank with a conventional loan, but we went with a 10/1 ARM instead of the 30 year fixed. We were able to get a rate of 4.875% at 90% LTV. We feel comfortable going the ARM route as they do have caps in place and the 10 years gives us flexibility to make a move to refinance or sell with plenty of time. The caps are a max of 5% added interest rate in yr 11 (9.875% total)/ max of 2% added interest rate in yr 12 (assuming the max cap has not hit) with a maximum cap of 9.875%.

I'm trying to find out if anyone has had luck finding a lender who will allow 90% LTV at a reasonable (less than 5.5%) rate on a second home/vacation home loan. My partners and I are trying to buy a house in Oak Island, NC and need to find a lender who will offer 90% LTV. We've spoken to a few mortgage brokers and it sounds like, due to recent Fannie/Freddie policy changes, the 10% down second home loan is starting to disappear as a loan product. Bonus points if the lender does not sell the loan to Fannie Mae/Freddie Mac for the reasons detailed above. Navy Federal and South State Bank are already on our list. Thanks!

@Wes M. Awesome stuff, Wes! Excited to hear more about this particular deal.

@Clint Harris Awesome update here. @Joe Prillaman piqued my interest with the CB multi-family house hack, so my wife and I are on the look. Appreciate you sharing your story here. This is great stuff. Hope to link up with you at some point soon.

Thanks @Jeff Burdick and @Lucas Hammer for reaching out. I will definitely be sending you some messages here soon.

Thanks @Jaclyn McClellan! I'll reach out if I do have any questions.

Thanks @Dmitriy Fomichenko for sharing! I have started using some of the resources you have listed actually. 

I went to a course in my area already and plan to join one of the meet ups in February. 

I set up some keyword alerts for Chicago and Indianapolis. In fact, I had to switch to no longer receive the alerts through text because my phone was BLOWING UP! Lots of content coming through the site. 

The podcasts are awesome! I have listened to the first 30 so far. They've been great. I love hearing about all of the different opportunities in Real Estate and how everyone has their way of attacking each strategy. 

I am going to have to dive a bit more into the Beginner's Guide, so thank you very much for sharing that. Always learning new things about the site everyday. 

Thanks @Brynn Misener! I appreciate you reaching out.

@Shawn Ackerman I appreciate the vote of confidence. Good luck to you in your journey.