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All Forum Posts by: Jim Blackburn

Jim Blackburn has started 26 posts and replied 264 times.

Post: Girlfriend thinking I'm obsessive.

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118
Cristian Samayoa - Just food for thought. I am no expert. Do you love your girlfriend? Is it possible that she is not feeling the same benefits and rewards from your investment gains (knowledge and profit) that you feel? Have you each shared your personal long term goals and confirmed that your visions of success and sacrifice align with each other? What shared hobbies and passions do you currently have that will be the centerpiece and foundation of your relationship as it grows and evolves (besides sex)? Maybe matching up your long term financial goals, and then using real estate as the tool to achieve those goals, could be that shared passion that brings you two closer and strange instead of farther...

Post: Multifamily in NE Minneapolis Minnesota

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118
Sherry O. were you buying this 4 unit as primary residence with 3.5% down or as investment property with 25% down?

Post: Make It A Great Day Today! (Why not?)

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

Good morning my friends!

Make today a great day! Take the path of least resistance. Row the boat in the direction it's already going.

Let me know how I can help.

-jim blackburn  

Post: Seeking Home Buyer - Get Up To $8500 Down Payment Assistance

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

The right buyer is looking to spend no more $437,000 on new condo or single family house...(primary residence only)

  • Only 1% down payment required ($4,370).
  • 2% down payment assistance given to buyer for a total downpayment of 3%. (No second lien, no interest, does not have to be paid back as long as you live there for 1 year.)
  • 2900-3200 total estimated monthly housing expense at max price depending condo or single family. 

Pm me for details.

Post: Analyzing a deal in Oakland, Bay Area [ Cash flow +ive)

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118
Haseeb Awan rent by the bed??? You mean like a hotel.... in Oakland?! I can't imagine you getting 6 strangers to rent a bedroom and share the two bathrooms between each other... this sounds like a college dorm. Is there a college nearby?

Post: Is it weird to buy rental properties instead of primary residence

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

@Chris Mason 500 lol. Good luck filling out that REO! :) I gotcha though...

Post: Refinancing vs. Fannie Mae delayed financing? More profit?

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

@Ilona Davidovich that depends on which investor/bank we go with. In general, in Sarasota, the conforming loan limit is 424,100 before it becomes jumbo.  Once it's jumbo, then  we have to check specific investor guidelines.  What kind of price range were you thinking?  

Post: Mortgage broker vs a loan officer?

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

@Chris DeSisto -  I work 18 hours/day, but I never feel like I'm working.... It feels more like a puzzle, chess match, or treasure hunt... The destination is always the same (helping clients achieve the dream of home ownership, to buy their dream house, or to find freedom with passive income)... but new obstacles are always arising... constantly having to regroup, "coming back to the center," learning new strategies, and new paths to that destination.  It's constant growth every day --- knowing that you will never be a master because you can always be better.  It's fun.  Thanks for asking. 

Post: Multi-Family less than 25% Down

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

@Dan Hoehn - lol.  I hear ya on that! 

Post: WHOLESALING BRAND NEW HOUSES GOOD?

Jim BlackburnPosted
  • Lender
  • Pompano Beach, FL
  • Posts 308
  • Votes 118

@Jordan Santiago  - cool.  Keep in mind if you want to get 75% of your purchase price back with delayed financing, we have to close the refinance within 60 days after purchase closing date. Otherwise, you have to wait 6 months.  If you want 75% of the appraised value, then you might as well just wait the 6 months. 

Ask Anything.