All Forum Posts by: Ron S.

HI have offer in on fnma homepath property was going conventional but wondering if i should consider homepath financing because i would only need 10 percent down instead of 20. and no pmi or appraisal. But heard they charge lots of fees and your interest rate is higher? has anyone done the homepath financing for a investment property if so was it a bad or good deal?

Wayne Do you have any knowledge of the homepath financing i know you only need 10 percent for investment and no pmi or appraisal. But do they charge lots of extra fees and higher rates??

Hi John homepath financing was not offered on this property. Also have heard they hit you hard with fees and higher rates on the homepath loans.

Thanks Wayne I was thinking 3 percent but agent said ask for 6 percent.

Hello Im putting in offer in morning on a fannie mae homepath property. I am financing conventional 20 percent down. Im not using homepath financing. Was wondering if i can ask for seller 6 percent concession for closing costs? Thought i remember hearing something that if it was not a primary home-which this will be a rental that you can only get 3 percent max? Anybody know if you can get 6 percent on investment property through fannie mae?

Thanks Steve not aware of any other forms?

Was wondering if anyone knows when irs will start accepting federal returns. I have a few rental properties and my taxes were done Feb 4th and efiled still pending? Does anyone else know when they will start processing these? I thought i heard feb 14th but i guess that wasnt true?

Thanks Will for your time! I will be managing myself so will save 1560 yearly bringing cash flow up to 4k a year.

thanks kyle I like the cash route but now in michigan market is getting tough lower inventory and prices are on the rise. Im looking to get a few more properties with mortgages cant afford cash for these. Just a little concerned that if these markets keep moving up their wont be much monthly cash flow for me to make. Maybe Im over thinking it but the last 6 months people are starting to fight over fix me upper houses you couldnt give away a year ago!!

thanks mehran the tenants pay the water bill.