All Forum Posts by: Samuel Coronado

 Fairmount is very rural. How big are you looking to make it? 

I am doing something similar in Alabama. I can walk you through it. 

 What was the specific rate he was quoting you? 

I can lay some things out for you. 

What does the monthly P&L look like? 

Follow up to this, on the week of closing, Nexa Mortgage through UWM increased the closing cost by a almost $3000. I pulled out and said no. Luckily, rates have fallen again in anticipation of the Fed announcement from last week. I am still looking for a VA IRRRL

 You evict them first. They get removed from the premises. Chances are if they can't pay the lot rent, they also can't pay the thousands it takes to get the home moved. 

 I am in Athens, AL and was looking at using them for a 25-pad park. Can you tell us more about the water damage you got? For the financing, what was the issue? Were you not able to sell them before the two year mark up?

Just shot you a connection request. 

Refinancing a VA 30 year home loan from a 6.045% to a 5.125%. Should I wait or should I do it now and not try to time the market?

It would save about $230/month and involves about 5k in closing costs and fees. Recoup time is roughly 22 months. I'll save about $82k as is, but I am wondering if it's worth it to wait or not.

 It will eventually cover about 20 acres and have roughly 25 pads. All the acreage is not perfect for development. Maybe about 13-15 acres with some harsh terrain, streams, dense woods I don't want to cut down ever. Slow rolling it out with these first few, then moving on to the next phase.