All Forum Posts by: Nicholas Monroe

Hey BP!

I'm looking for some advice on which loan I should use for the purchase of my first house. I'm looking to see what is better for long term vs. short term. Below are some details on each loan.

Purchase price - $381,400

FHA - 3.5% down, 2.75% interest rate. ~$2,330 monthly PMI and ~$24,000 cash needed to close, 30YR

Conventional - 5% down, 2.875% interest rate. ~$2,270 monthly PMI and ~$31,000 cash needed to close, 30 YR

The conventional claim is that if I do the FHA loan I'll be stuck with the insurance for the life of the loan and long term pay more money for the house. Being this is my first purchase, I'm looking for some help figuring out the numbers and what's really the best option.

Thanks,

Nick

I’m looking for a good title company for a wholesaler in the Tampa Bay Area. Hopefully someone who is familiar with double closings?

Thanks,

Nick

Hey BP! I’m looking for a title company in the Tampa Bay Area that is familiar with wholesaling and double closings. Also looking for the best ways to find a title company besides an online search?

Thanks in advance!

Nick

@Barry Pekin That's a great idea! Will definitely consider the backdrop for my next online meeting, thanks for the tip!

@Christopher Parsons I appreciate your feedback! I will definitely look online for buyers/flippers in the area and see if there are any groups on Facebook. I'm looking around the Tampa, FL area so hopefully will have some luck on Facebook as well.

@Stephen J Davis I went to several of the local RE meetings in the beginning of the year before covid hit and kind of shut all of the face to face meetings down. I'm also on the meetup app and look for any that are now online, I'm not seeing too many in my area right now though. Things are starting to open back up, I agree with you and should probably reach out to any other RE groups in nearby towns and see if their meetings resumed yet. 

Hey y'all! I found BP in the beginning of this year and have been doing a lot of research on the different types of ways I can get started in real estate. The ultimate end goal is to own rental properties and create passive income, but I'd like to first master wholesaling. A lot of what I read says you should start with building the buyers list. With that being said, I'm looking for any advice on the best ways to build that list, especially with most meet-ups being shut down due to the pandemic?

Thanks!,

Nick