All Forum Posts by: Nick Camizzi

@Nick Camizzi got it. Sounds like he was just giving you rough estimates (which were way too high) but actual numbers should come in about more than 25% cheaper.

How does an approx $1,400/mo payment fit into your goals? How much cash are you looking to pull out?

Thank you for that, I can probably do $1400. I was thinking about taking out $150,000-$200,000

1 Vote

Raleigh, North Carolina

Quote from @Jamie Jones:

@Nick Camizzi so with those figures, your total payment should be a little under $1,400.

$973 principal & interest

$150 home insurance

$250 property taxes

$1,373 total monthly payment.

Have you received any kind of documentation from the lender that breaks down your payment estimate?

No I didn’t, this happened over the phone

1 Vote

Raleigh, North Carolina

Quote from @Jamie Jones:

Hi @Nick Camizzi, your monthly payment seems higher than it should. A $150k loan amount with a rate of 6.75% for 30 years equates to a principal and interest payment of just $973. To my knowledge, property taxes in the Raleigh area are fairly low. Do you know how much your property taxes and home insurance premiums are?

My taxes are about $3000 a year and my insurance is about $150 monthly. And I have a 740 score

1 Vote

Raleigh, North Carolina

This is for Raleigh N.C. And that was for a 30 year fixed.

1 Vote

Raleigh, North Carolina

So I called the bank to do a cash out refi. For $150,000 mortgage on my primary. My payments will be $2000 a month with a 6.75 interest rate. I have all this equity & still can’t afford to have my money work for me in other investments. how do you manage this? In this type of market. I’m so frustrated. I know most of you are like it’s only $2000, but to me it’s a lot & can’t afford those types of payments.

3 Votes

Raleigh, North Carolina

Hey everyone, just curious if the boot camp is worth it for a newbie? Or is if for people that already have an idea but can use a crash course? Tia

0 Votes

Thank you for your feedback, just my background I work 10-12 hour days M-F. He is charging around 8k, I am definitely willing to put in the work & not sleep if it comes to it lol. But spending the 8k would be hard for me at the moment and is it worth the 8k. You have personal experience with him?

0 Votes

All Forum Posts by: Nick Camizzi

Nick Camizzi has started 12 posts and replied 44 times.

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Post: Bigger pockets Boot camp?

Post: Hugh Jones Apartment Acquisition System?

Nick Camizzi has started 12 posts and replied 44 times.

Biggerpockets Logo Post: How do you do this?

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Biggerpockets Logo Post: How do you do this?

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Biggerpockets Logo Post: How do you do this?

Biggerpockets Logo Post: Bigger pockets Boot camp?

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Post: How do you do this?

Post: How do you do this?

Post: How do you do this?

Post: How do you do this?

Post: How do you do this?

Post: How do you do this?

Post: How do you do this?

Post: How do you do this?

Post: Bigger pockets Boot camp?

Post: Hugh Jones Apartment Acquisition System?