All Forum Posts by: Kristen Chapin

I have a condo in South Carolina that I got a mortgage in 2011 (ish) for $125K. It was sold to Wells Fargo and a 5% interest rate. (FHA loan). I called today and paid off $8K which took the PMI off the loan. I now owe about $98K.

Should I refinance this to a conventional loan or leave it now that the PMI is off?

My financial goal with this property is to pay the mortgage payment and use any rental income off this property and my other property to pay this loan down as fast as possible. 

Any suggestions on best steps to achieve these goals?

I am not sure paying off the PMI was the best decision and would love some advice!

Thanks in advance!

Introduction - Port Orchard WA (Kitsap County, WA)

Hi! I’m Kristie. I am an investor and looking to take investing to the next level. I own 3 properties currently with 2 of them being rentals that I self-manage. I am looking for an experienced investor to partner with on deals in my local area of Kitsap County, WA.

 I am able to bring sweat equity (cleaning out units, painting, getting contractor quotes, walking properties.) I am a recruiter by day so hiring people is what I do! I can also do administrative work whether that is searching for properties, mailings, etc.

I look forward to getting to know everyone!