All Forum Posts by: Miguel Romero

So did you buy the 4plex?

I am an avid Dave Ramsey listener and he always suggests doing the 100% down when buying a home. My question to you is, is there an advantage in one vs the other (buying cash vs financing)?

Ok. All cash purchase vs financing, which do you prefer and why?

I came across a property that was just listed today. It is a 1500sqft, 3 bed, 2 bath bank owned foreclosure and they are asking $105k. However it will need a new roof, landscaping,stucco work and paint job. The comps in the area are in the 120k-130k. My question is... HOW CAN I GET FINANCING FOR THIS. How does 203k loans work and how hard is it to obtain. I currently own my own home and it is financed through quicken loans with conventional 15 year terms.

I pmd you

. There is another group already. Called Las cruces real estate investors club

How about starting a "Real Estate Investors Las Cruces" group on facebook.

wow thank you. so detailed

They will ask for my pre approval letter. The pre approval letter has the amount that i have asked to be qualified for which is more than their asking price. However I have no plans on spending the amount that I have requested to be approved for.

home is a bit over 1600 sq ft so right now its about $73 per sq ft.