All Forum Posts by: Wendy S.
Wendy S. has started 46 posts and replied 261 times.
Post: Converting from a rental property to primary home,

- Ellenwood, GA
- Posts 264
- Votes 67
@Theresa Harris that's the plan. Just got my LE yesterday after agreeing to put 20% down.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
My new conundrum later down the road will be how to release my coapplicant but until then I guess I'll get to live free and we split the cash flow.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@David Pai I didn't have the LE at re time so wasn't sure about the fees but we've managed to work it out now.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@Joe Splitrock. Yes think the 15% had to do with credit, and such plus they would have used qualifying rental income.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@Russell Brazil yes I see that now.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@Scott Wolf thanks Scott. Upon your response I insisted and got my LE.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@Lola Omishore. If my understanding is correct this would require an LLC or business structure. Working on that, thanks.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@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.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@Jairo Zapata. Thanks I can live with the 0.375 diff. Time is of the essence on this.
Post: 5.25% Interest rate on investment property

- Ellenwood, GA
- Posts 264
- Votes 67
@Steven Griffith
Yes, you're investment rate seems outstanding. But the devil is in the details.