All Forum Posts by: Yahruth Els

Yes Brent it makes plenty of since,  I believe with the original value of the property being more than they are asking there is maybe a force sell.  you have been helpful.

peace

new to this I truly feel green but I'm a quick learner. Lol

so suppose a property is selling for 65,000 and seller is asking down payment of 65,000 and the ARV of the home is around 90,000. give or take I believe , I become puzzle when Fannie or Freedie own the loan on the property. Would a person had to contract with Fannie or Freddie.

Brent I probably still don't make sense.  But that is a question in my mind,

peace 

Hello Bryan,

Thanks for the response. I was told by the administrator that i could not use real numbers unless I was pro.  What I simply was asking is that a single-family unit was up for sell but the loan on the house was own by  Fannie, so would I be purchasing the loan from Fannie Mae?  I am not going to refinance any loan, just thinking of purchasing the house which would require the asking price. 

Good Luck Bensley, I'm a newbie myself and I truly believe that this is our calling and I can assure you that the first step you have taken and that is to admit you are not happy or sick and tired of being tired of what you are doing and want to venture out in the world.  Real Estate is just what is says "Real Estate" of ones affairs, being in the real mind state.  Hope to hear chat!  Take all the advice given don't stress do your research, learn the numbers and put your feet in the water and  go for it!  That's what I'm doing and there is a wealth of knowledge and info on here as well as the internet.  So good luck brother and I will meet you at that pot of gold.  LOL

peace and blessings ( Want to Know! I Got a Question 101!?)

Yahruth

Hi Paul, 

Todah for your response, I really appreciate it and I actually saw this remark of yours to another newbie and I had copied for my benefit and low and behold you responded to me, i feel very honored for the info. I actually join a REI group in my city and I will be attended in a few days through another investor. I sooooo appreciate you and I would love to keep in touch to let you know how it went if you don't mind.

Peace and blessing (I Want to Know!  I got a question 101!?)

Yahruth 

I need some clarity here!

If I wanted to purchase some property a single-family unit and the asking price is X amount of dollars for purchase and down payment is that X amount of dollars minus a few thousand (92%) but loan purchase of refinancing is there for option, there is another figure of X amount of a current balance which 

is 7 seven times greater than the purchase price, because the loan is own by Fannie Mae or Freddie Mac but the property value is the X amount of dollars mention at the beginning, what do this all mean???  I need help to understand and I know there is someone out there that feels my pain in comprehending this simple quirk of info. I don't understand.  I truly would appreciate anyone that could just clear up what this all means, and i guarantee I will understand better.

Peace and blessing (Want to really know and i got a question 101!?  

Yahruth

Todah Ott,

I appreciate your words of encouragement and I do have a yearning to be involve in Real Estate. I see you are from Ohio, and the group I'm with is looking for HUD property, Wholesale, REOm FSBO in the Cleveland and Columbus areas. If you run across anything of interest let me know I would appreciate very much. Thanks for checking me out. I'm new to this but I'm not afraid to step out and not only test the water but get in it and swim. I do know that I will remember your offer if I have any question that I can reach out.

Be blessed and peace

Yahruth  

Casey hang in there, you are on the right path, starting with the mind set.  In Multi-family homes make sure you factor in expenses for the units and allow yourself room and fiances to be able to sustain that multi-family property.  Just do your research and you will be a success! 

Yahruth

Todah Dave, 

A great time to be in the know or at least attempting to get in the know!  It truly is awesome!

Peace

Yahruth

Todah Ards,

I appreciate your warm welcome.  Yes in the very near future I would like to connect and ck out Metro Manila, even and especially Las Pinas!  I would Love to keep in touch.  Maybe we can exchange some interesting real estate pursuits.  I am a newbie and I'm searching and seeking not only knowledge, but I'm sure I have some to give.

Hope to hear from you again and soon.

May you be blessed and sucessful in your investing too!

peace

Yahruth