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All Forum Posts by: Sean Kuhn

Sean Kuhn has started 28 posts and replied 337 times.

Freddie Mac offers a 10 year loan. Pretty low interest rate too compared to the 30. In Japan you can get 40 or 50 year

@Upen PatelIs this the exception you were talking about, this is directly from a Fannie Mae website:

No property ownership restrictions if purchasing a primary residence or second home

@Upen Patel it would actually be for my primary residence. I thought after ten they wouldn't lend you any conventional loans regardless? 

Post: How old was everybody when they started?

Sean KuhnPosted
  • Minooka, IL
  • Posts 353
  • Votes 85
Bought my first home and first rental at 22. I'm 27 now and working on my 11th rental
Does having ten conventional loans disqualify me from getting a usda loan?

Post: Getting Started in REI... But How?

Sean KuhnPosted
  • Minooka, IL
  • Posts 353
  • Votes 85
Depending on the interest rate of your car loans, mortgage and student loans I wouldn't pay them off early, instead pay the minimum and focus that remaining money on acquiring your first property.
250 gallons an hour is not impossible. Considering a single shower head can do 120 gallons an hour

Post: 100% Down vs Financing - What does the bible say?

Sean KuhnPosted
  • Minooka, IL
  • Posts 353
  • Votes 85
When you get a loan you're in a business transaction of free will, not slavery. Slavery is being forced into something, no one is forcing anyone to get a loan. Just my two cents.

Post: I need a good deadbolt with keypad for my rehabs

Sean KuhnPosted
  • Minooka, IL
  • Posts 353
  • Votes 85
I was wondering if anyone knew of a good deadbolt that has a keypad instead of a lockbox so no one actually has a key for my rehabs? One that you can slip on without drilling into the door.

Post: LLC'S vs Millions dollar umbrella insurance policy for rentals?

Sean KuhnPosted
  • Minooka, IL
  • Posts 353
  • Votes 85
Opening an LLC for each property or putting each property in an LLC is such a headache. Get a 1 or 2 million dollar policy and you'll be fine. That's pretty cheap.