All Forum Posts by: Fisayo Ijamakinwa

Hi All, I am a rookie looking out to the sage ones on BP to provide guidance on what next to look out for once my offer has been accepted. I know the inspection will go on and I have written in my offer a contingent that repairs do not exceed a certain amount. I will have contractors go look at that. Other than keeping the inspection moving, having the contractor go assess repairs to get unit rent ready and keeping process up with lender. What else should I be doing here? Thanks and any advice is welcomed.

Hi All - I currently live in Greensboro but there is an outside chance i could make the meet up if the timing works. What time are you all looking at? Also, I am at the action stage as I have started putting out offers for potential properties. Hopefully something that makes sense clicks soon. Would you guys be able to recommend property manager and contractors I can look at in Columbia? I am currently looking to by around Harbinson. Any recommendations will be welcome.

Thanks for the feedback all.  My loan amount is going to be less than 100K after putting down a 25% down payment so maybe  that is why I am not getting anything less than 5%. 

@Will Gaston hopefully things will work out as planned on this deal or the next good one. I will keep you posted and would love to catch up in Columbia at some point in time if you will be out there as well.

Thanks again all.

@Will Gaston My real estate agent referred me to someone at movement mortgage. I am looking to buy in the West Columbia area. I am open to any suggestions or recommendations you might have. I am working on building my base team out there as well (Property manager / Lender /  Contractors).  

Thanks for the response @Chris Seveney I am buying in my personal name. Also, I am currently renting but this will be my first investment property. I agree there are other factors influencing this rate. Thus, with a good credit score and a good paying job (Salary) for the market I am looking into, Is there something I should be saying or presenting to show I should be getting a better interest  rate or that is just the norm?

I have a 730 or greater credit score. Lenders in Columbia , SC are giving me a minimum rate f 5% interest rate and requiring 25% down payment. To the experienced investor, is there anything I can do to get my rates lower or are these rates and minimum down pay the norm for newbies like me? Thoughts are appreciated.

Does anybody have great recommendation for property managers in the Columbia area.

Gracias Joshua Tobin if my novice self did not get anything from the podcast I got that of those numbers don’t work ... don’t do it.

It seems like this is about how much interest we will get - what timing are you all looking at? I am open to meet Sunday afternoon anytime after 3 or after 5pm on Mon/Tue/ Wed. Coffee / drinks / dinner which ever works. If any of those times do not work ...let the group know what works and we can figure out how to proceed.

Thanks much Joshua Tobin . Nervous but knowledge is power.