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All Forum Posts by: Stephen Hundley

Stephen Hundley has started 23 posts and replied 292 times.

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Kathy Marshall that's some crazy rules!!! We don't have anything like that around here. 

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Franky Juwana you will need private money,most likely from an individual or hard money lender. Hard money lenders are so expensive but do provide a way for you to buy cash and close quickly. 

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@John Truong the bank sent a letter stating I had the proper amount of funds in my account to purchase this home. Short and simple. 

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Ewan Heinemeier I have a full time assistant for property management. This house will have about 60/m for vacancy. Cap ex is low bc AC is the only major expense that's on the back end of its life. 

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Lawrence L. no, just depends on the deal. 

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Shawn Giltner haha yup. Not many updated houses within walking distance to the university. New York and South Louisiana has slightly different markets 😉

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Lawrence L. We did hit some delays from the counter tops people and flooring but besides that it went smooth. 2 month turnaround and that's with having a newborn.

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Christopher Wand Keep asking for good references and they will come! The perfect fit is out there, you just need to keep looking!

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Thirumalai Satish Thanks! Our smoothest deal so far!

Post: Rental #7 Purchased at the Age of 28!

Stephen HundleyPosted
  • Realtor
  • Lafayette, LA
  • Posts 296
  • Votes 175

@Dmitriy Fomichenko Thank you very much! I've heard it said many times....trust but verify!