All Forum Posts by: Matt Y.

@Aaron K. Agree completely. I hope to someday have enough money to access a higher caliber of financial advisor. They don’t seem to exist at my level or I’m experiencing some bad variance.

Many fee only guys are also garbage.

For a primary residence I was recently presented with the option to buy down the rate with 1.5 points and the break even point was just under three years out.

@Colton Fairchild thanks for the link

I'm looking at a few different options in the suburbs of Portland, one is a lease to own. 

Given the uncertainty in the market, inverted yield curve, etc., what do experienced folks about financing options in two to three years time? I know specific predictions are impossible, but what are some likely potential scenarios?

Are we likely to see continued low interest rates to try to stimulate a flagging economy?

Is it possible / likely that the currently available 5-10% loans for owner occupied are no longer available?

While the cause of this (likely) upcoming recession isn't real estate specific like 2007, how will the impact ripple into the RE markets?

With the lease option, I worry that while I'm happy with the price today, I could see a drop in value of the property over the next couple years and have trouble obtaining a conventional loan without injecting more capital into the property.

All thoughts or opinions are greatly appreciated.

Edit to add:
My question is geared toward loans that are obtainable by people with 700+ credit scores and strong income in relation to outgoing 

 Thank you for taking the time to respond Jerry - that makes sense.

Yes, but curious to hear input on both OO and investment property. Thank

Hello,

Thanks in advance for any comments. I've been following the posts here for a while and while some offer valuable insight I'm hoping to get situation specific advice.

In general the plan is to buy a SFR for 800k with 10% down. After purchase, have an ADU built and rent it out. I have about 200k max to facilitate the building the ADU - and will be the first to admit that I have no idea if this is high or low so please forgive my ignorance here (learning as we go).

From there the hope is that the property value will have increased in value due to having two units. What I'd like to do at that point is refinance out to keep myself as leveraged as possible. While I will have funds in reserve outside of real estate endeavors, I would prefer not to have them sitting in equity.

In a situation like this, I'm curious what the best I can hope for on the LTV is for both OO and as an investment property. From what I've read recently, it seems that the best I can hope for is 75% LTV on the cashout refi unless I find a regional bank.

Thank you,

@James Kirby you could look at tiny scan if you want something for mobile

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