All Forum Posts by: Kay Doria

Purchasing first investment and we had offered full price with an escalation clause but asked for 3% CCA. Seller said 2% CCA with no other offers on the table. We took it. After home inspection the siding which we thought was just cosmetic was explained to be compromised allowing water and wind to easily cause further deterioration. 

Should we ask for a repair credit? I feel the seller was aggressive simply because of the escalation clause. Don’t want to lose the investment but also want the siding to be repaired. Thanks in advance for your thoughts. 

Just applied for a loan with rocket mortgage. Was only approved for $200K because of a vehicle loan that is apparently hurting my DTI. I have to purchase a home by July and the homes I am finding that fit our reasonable needs are around $260K. With only $10k down what are other options I can use?

Gotcha! FHA is under my name only. Fiance is purchasing investment.

I don’t think we’d be able to qualify for credit cards to secure the investment. Interesting and simple strategy though. Thank you. 

Purchasing my first home this year through an FHA loan. The Litte bit of money I did have I will be putting down on my down payment for my personal home.

I’ve found two a terrific first investment opportunity. The first is a duplex and the second is a quadplex all already . What are creative ways for financing? 

fantastic!!! Thanks for all of your help! 

So if we decide to flip to get the equity I have to 1. Figure out whether seller is willing to take a hard loan and 2. Just keep it until I sell it? 

We want to live in the property. It’s perfect for our family and with the price will offer a good amount of equity. 

So I guess my next step is to see whether the seller would accept a hard loan. I didn’t anticipate this to be a hurdle since I thought hard loans were turned into cash pretty readily.