All Forum Posts by: Jasmine H.

@Ramona Huot Kirkland's brand from Costco, if you have a membership!

@Josiah Patrick Zebarth my 18 month old..No just kidding!

Really, what wakes me up is knowing that i have things to look forward to. Things like family, purpose, and goals.

I lived in my first home for years before I decided to rent it out. Around 05/06 when I started looking at houses, I couldn't afford anything in the Northern VA area. A condo at that time was starting around $300k. I was planning to move to Texas because they had huge homes for under $150k! In 2008, a year after I graduated from college, homes started to get reasonable and of course my parents were super happy that I no longer needed to move out of town to afford something. I bought my townhome in Manassas VA at $132k. It was a foreclosure and that area was hit hard not only due to the recession but also to the crackdown of illegal immigrants. I ended up renting it years later. It currently appraises at $265k but who knows what it'll be in a year or two with everything that is going on. I'm holding onto it as long as I can. I managed it as a rental for about 4 years before I passed it on to a property manager. It currently rents for $1775. I just called the bank today to see what the current refi quotes were for an investment. They quoted 3% disc and 1% origination for a 15 yr loan at 3.875%. I told her no thanks, I'll stick to my 30 yr loan at 3.75%.

One thing I wish I knew was what an opportunity it was to buy that home.  I remember the townhouse next to us sold at $99k and looked down at it because it had roaches in the front exterior in the flowerbed.  It ended up being scooped up by an investor and now can sell for about $240k.  I wish I took that darn homebuyers credit and bought the one next to me, lol!  But this time, I'm prepared to act fast and not miss another deal.

@Joseph Mallon totally, we're taking about $200k not only to reduce our rate but to invest.

Good luck!

@Jaysson Brooks any interest on the loan is basically paid back to you since you are borrowing your own money.

@Will G.grant just released a youtube video saying yesterday's Instagram post was not true. He was trying to prove the point of how bad news and bad media travels faster than good news.

@John Underwood i don't think so. Unemployment claims over 6.6 million, delays in providing assistance to small businesses who may not even get loans because their employees would rather collect unemployment benefits because its higher than their pay, stock market volatility, uncertainty with opening back businesses, extended stay at home orders and with covid, an estimated timeline of 18 months for vaccine development..? This screams recession/depression.

@Edward R. No email but took a screenshot of the entire application and confirmation number.

Autocorrect isn't on my side today!

I'm new to investing in the stock market and wanted to hear some success/fail stories on investors who bought stocks in 2008 and 2009. Please also share what was purchased and the outcome.