All Forum Posts by: Wendy S.

@Russell Brazil yes I see that now.

@Scott Wolf thanks Scott. Upon your response I insisted and got my LE.

@Lola Omishore. If my understanding is correct this would require an LLC or business structure. Working on that, thanks.

@CJ M. Yep nothing doing with funds so yes, I figured let's go for it without even the comparative analysis you suggested.

Was feeling antsy and almost pulled the trigger last week but upon further review decided not to. Like I've read on here so often, RE is not a sprint, slow and easy wins the race. It's not always easy to be patient especially with some always saying just jump in. Don't get analysis-paralysis.. But sometimes it's good to just bide your time.

@Jairo Zapata. Thanks I can live with the 0.375 diff. Time is of the essence on this.

@Steven Griffith

Yes, you're investment rate seems outstanding. But the devil is in the details.

OK. So with 20% down my unlocked rate on LE says 3. 5% and I'm now adjusted to a primary residence .

No points, just their standard underwriting $1,395 fee.

I should add, I decided to coapply with a higher earning family member, based on my low W2 income, coupled with my rental income, since we both have excellent credit. Not sure if this makes a difference. We both have liquid assets which could cover the $40,000 deposit and reserves but on my own seems DTI was too high.

Property will make a great house hack if deals goes through, perhaps even more so than previous one.

With PITI under $1,000 and possible rental at $2,300 with me living there.

Man, time flies by so fast esp 2020, we're almost through June. Rewind to end of 2017 when I bought my first primary residence fixer upper which turned out to be a live-in flip. Now I've got the 2 years reported income on tax return so I know I'm gonna snowball my way to Financial Freedom.

Thanks to the BP family and I'll definitely be reaching out to some of you that have offered to connect.

Peace, Blessings, Good Health, Wealth and Humility to us all!

Thanks again everyone. I'll see what my new rate is with 20% down.

Thanks. Yea I'm agreeing to 20% down so waiting to see what that looks like and he is a broker. 

Funnny thing is my bank is offering no Origination fees etc and my broker's standard fee is around $1,400 plus usually 1% or so in points. However, he delivers so I usually chalk it up to the price of reliability and expediency which we all know in RE is crucial. 

Thanks. Will see this progresses.