Quote from @Andrew Wright: What type of properties are you targeting and do your letters include offers or is it more of a neutral letter?

Quote from @Linda Thomas: It looks like they can sue for double the amount.I manage 400 rentals, 13 years experience.

Quote from @Ian Wright: Hi Michael, rates are certainly higher now compared to 2020-2021 so what you're hearing about rates is accurate.I would ask the lender to show you side by side comparisons for the following scenarios so you can see the numbers:1) Conventional "Rate-Term" (no cash out to remove PMI only)2) Conventional "Cash Out" up to 80% LTV with 22k Cash Out3) FHA Cash Out Refi up to 80% LTV depending if you have a lower credit score (say anything under 680-700), it may make sense to consider an FHA  (but ONLY if there's a real financial need since you would unfortunately still have monthly PMI on FHA and the Upfront MIP regardless of the equity).FYI, you need 20% equity / 80% Loan to Value on Cash Out so the Appraisal value will be key.

Linda

Or is it just people commuting into Dayton or Wright-Patt?

I connected with Linda Weygant but she disappeared for the last 2 months. 

@Linda Garcia thanks for replying.

Originally posted by @Tahra Wright:@Sherman Dunn We have a lot of flood zones in NJ, too.  

The first is Comal Hays REIA as Linda mentioned they are actually meeting this Saturday at 10am.

Of course Logan Heights is not University Heights and City Heights is not Clairemont/Linda Vista but those "sketch" area can produce positive cashflow!!