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February 19, 2010 at 8:03 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #515558February 19, 2010 at 8:03 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #515805
(former)FormerSanDiegan
Participant[quote=temeculaguy]
I got a phone call this weekend from a friend asking my opinion if he should buy his $1500 a month rental from his landlord for 160k, I told him “absolutely, do it yesterday.” I didn’t ask if he was going to rent it out in the future, what he thought about hyperinflation, unemployment, or any other marcoeconomic issues. Simple questions is all that is needed, will it cost the same or less than rent?
[/quote]Hey TG – If your friend gets cold feet let me know !!
Where is this ?I wanna know where I can get 1500 on a 160K purchase.
That’s more than double the rate you can get in Central SD (e.g. low end parts of Clairemont… 1700 rent 350-400K house)
ParticipantYour lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.
If you want service and avoid run-around call Sheldon …
homeloansheldon.comParticipantYour lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.
If you want service and avoid run-around call Sheldon …
homeloansheldon.comParticipantYour lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.
If you want service and avoid run-around call Sheldon …
homeloansheldon.comParticipantYour lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.
If you want service and avoid run-around call Sheldon …
homeloansheldon.comParticipantYour lender is large bureaucracy with little incentive to close your loan at a lower rate than they currently get from you.
If you want service and avoid run-around call Sheldon …
homeloansheldon.comParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
Participant[quote=outtamojo]You should graph this so you can get in on that “love that chart” action : )[/quote]
OK. Here’s a chart
7%-
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6%-
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……….. (Doug Henning Pic)
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5%-
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4%-
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.^^^^^^^^^^^^^^^^————-___________
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3%-
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2%-
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….AUG….SEP….OCT….NOV….DEC….JAN….FEBParticipant[quote=outtamojo]You should graph this so you can get in on that “love that chart” action : )[/quote]
OK. Here’s a chart
7%-
.
.
.
6%-
.
……….. (Doug Henning Pic)
.
5%-
.
.
.
4%-
.
.^^^^^^^^^^^^^^^^————-___________
.
.
3%-
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2%-
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….AUG….SEP….OCT….NOV….DEC….JAN….FEBParticipant[quote=outtamojo]You should graph this so you can get in on that “love that chart” action : )[/quote]
OK. Here’s a chart
7%-
.
.
.
6%-
.
……….. (Doug Henning Pic)
.
5%-
.
.
.
4%-
.
.^^^^^^^^^^^^^^^^————-___________
.
.
3%-
.
.
.
2%-
.
….AUG….SEP….OCT….NOV….DEC….JAN….FEB -
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