All Forum Posts by: Lawanda Curtiss

@Christopher Phillips Thanks for the detailed information!

Hey BP,

How can you tell when the market will change? I would like to buy and hold, but I am having a hard time finding a good deal.  When I run the numbers, nothing seems worth it.  I purchased my own home in 2009 for a great price.  I know that was a long time ago, but naturally I am comparing every deal I find to that one.  Nothing I find is even remotely comparable to it.  How can I know when the market will change again so that I might find better deals than whats out there now?

By the way, I'm in the Atlanta area if any of you can suggest someone.

Thank for the insight @Chris Mason. Now I know not to take it personal when a lender doesn't want to spend time answering all of my questions before I apply for the loan.

@Jason Hirko Thanks for the info! That's exactly what I'm looking for...someone who will prequalify me without running my credit. I didn't know that was an option. Maybe I will ask that question first with the next lender I find.

@Andrew Holmes I've been talking to residential lenders. I haven't tried any hard money lenders.

Hi BP, I'm seeking some advice on finding a good lender. I'm just getting started and it seems like lenders won't give me the time of day unless I do a loan app first. I want someone who will answer all of my questions first, without pressuring me to do an application. I don't want to apply and take a hit on my credit report if I won't get approved (one of the issues I've had in the past was a high debt to income). Can someone advise me on how to find a good (patient) lender? What characteristics should I look for in a lender?

While this post has tons of great information, it's ALOT to take in!

Two questions: If I were to go the PM route, what should I look for in a good PM? What questions should I ask? What research should I do?

If I were to decide to manage the property myself, what steps should I take? What knowledge must I have? What resources would be beneficial to me?

I guess that's more than two questions LOL

Thanks guys!  Good insight.

From reading various forums here, I've decided to try to refinance my primary residence. In the past, I was approved to refi. However, I didn't think the monthly savings was worth the work. I currently have an FHA loan at 5.8%. I've been offered to refinance using a conventional loan at either 4.8% for 30 years saving about $120/month or 3.5% for 15 years, paying about 20 bucks more than I'm currently paying. Those are the preliminary offers pending approval. Should I go for it???