All Forum Posts by: Jason James

Great... 

Good luck and keep us posted. 

Welcome... I am in the Kentuckiana area as well. If you have that much time on your hands at work take advantage for sure! That said one of the best ways to learn is to get out there and get your hands dirty. No matter how much you read or listen to podcast you will always have something to learn. Not to mention its just down right fun making deals happen and making money. Starting at your age and staying focused you are sure to be a success. Good luck and go for it. 

Welcome Andrew, 

I have been reading post on the site for a long time but just recently signed up. I am a real estate knowledge junkie that visits sites, listen to podcast, read books, bla bla bla and just absolutely loves real estate in general. The more you can learn from others the better. Use your resources! Dont try to figure everything out on your own when you don't have to. I am located in Louisville Ky as well and have been in the business for many many  years. I started fix and flipping but have been focusing on buy and hold for a long time now. I also do just about everything in between from wholesaling to owner financing. I can say that I continue to learn something new every day. Good luck on your first project and if you need anything feel free to contact me. 

All the permission is taken care of up front so I have access to the loan, insurance and all that stuff. I was thinking the same thing. If the loan isn't in my name then "what" is the bank going to refi? But as I thought about it the property has a lien on it regardless of the name on the loan and I am refinancing the property not the loan. I guess that's the right thinking.... :)

Ideally I would leave the property as is but just seeing what my options are.

I am working with my banker now to see what they say so as soon as I hear from him I will post his comments.

Welcome Craig. I am also "new" to the site but not "new" to reading post on the site. I love the site and there is a bunch of good info here.

I am also in IT and located in Louisville Ky. I have been investing in rentals, flips, wholesale so on and so on for about 14 years. Even though I have done a lot I still learn something new everyday! I look at about 10 properties a week and make offers on about 2 or 3 sometimes more. I always make low ball offers even if I am not in love with the property. My thought is you never know what the seller will take so shoot low and if you get the deal great! The key is to get the DEAL! You can always figure out what to do with it later. I Just landed a new deal this week on a property I thought I wouldn't get since I low balled it but they took my offer! Point is you have to look at a bunch of deals to get one. Volume is key! Good luck and if I can help in any way just let me know. We aren't too far apart so never know we might be able to help each other find even more deals.

Once again. Good luck

That's what I thought I was just looking for thoughts here. Any other thoughts from members would be great. I will contact my bank as well. Thanks

Hello all. I am new to the forum but not new to the game. That said I have tons and tons to learn. I would like to hear the thoughts of others here on the question of Sub2 refinancing.

I have a property I purchased subject to and I am now thinking I would like to refi this property with a bank that has a very good rate right now and no closing cost. My question is this considered a refi or a purchase? I own the deed but not the mortgage. How do you think a bank would look at this?

Thanks in advance!