Forum Replies Created
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AuthorPosts
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HLS
ParticipantJEE
Rates are up from where they were this morning, 70 bps. On a $400K loan that is $2800 more than it cost this morning…Depends on loan amount..
Right now on a 15 YR
4.25% 1 point
OR
4.625% no point…SUBJECT TO CHANGE
ParticipantFormer,,,
I AM…Depends on your equity, credit score and what you qualify for.
15 YR rates have finally dropped enough to make a difference again…
At the moment..I have jumbo up to $546K in San Diego County @ 4.875% no points
4.50% .50 points
4.375% .75 pointsSUBJECT TO CHANGE + 3rd party closing costs
ParticipantFormer,,,
I AM…Depends on your equity, credit score and what you qualify for.
15 YR rates have finally dropped enough to make a difference again…
At the moment..I have jumbo up to $546K in San Diego County @ 4.875% no points
4.50% .50 points
4.375% .75 pointsSUBJECT TO CHANGE + 3rd party closing costs
ParticipantFormer,,,
I AM…Depends on your equity, credit score and what you qualify for.
15 YR rates have finally dropped enough to make a difference again…
At the moment..I have jumbo up to $546K in San Diego County @ 4.875% no points
4.50% .50 points
4.375% .75 pointsSUBJECT TO CHANGE + 3rd party closing costs
ParticipantFormer,,,
I AM…Depends on your equity, credit score and what you qualify for.
15 YR rates have finally dropped enough to make a difference again…
At the moment..I have jumbo up to $546K in San Diego County @ 4.875% no points
4.50% .50 points
4.375% .75 pointsSUBJECT TO CHANGE + 3rd party closing costs
ParticipantFormer,,,
I AM…Depends on your equity, credit score and what you qualify for.
15 YR rates have finally dropped enough to make a difference again…
At the moment..I have jumbo up to $546K in San Diego County @ 4.875% no points
4.50% .50 points
4.375% .75 pointsSUBJECT TO CHANGE + 3rd party closing costs
January 6, 2009 at 10:52 AM in reply to: Buying an condo conversaion as an investment property #324841ParticipantI wouldn’t buy a condo OR condo conversion as an investment, PERIOD.
I believe that LLC’s in CA require an $800 annual filing fee.
Income from an LLC should be pass through income straight to your 1040. No corporate tax or separate return to file
2005 prices mean NOTHING as a comparison.
It’s like talking about tech stocks at the peak of the bubble, and thinking that $500 a share represented value, they ultimately went to zero, and people who bought all the way down based on the peak were screwed.Real estate has great potential. Personally, I would rather buy a HOUSE out of state as a rental rather than a condo or conversion around here.
Paying cash would be ultra conservative and not something that I would recommend either.
Have you ever been a landlord before ??
January 6, 2009 at 10:52 AM in reply to: Buying an condo conversaion as an investment property #325178ParticipantI wouldn’t buy a condo OR condo conversion as an investment, PERIOD.
I believe that LLC’s in CA require an $800 annual filing fee.
Income from an LLC should be pass through income straight to your 1040. No corporate tax or separate return to file
2005 prices mean NOTHING as a comparison.
It’s like talking about tech stocks at the peak of the bubble, and thinking that $500 a share represented value, they ultimately went to zero, and people who bought all the way down based on the peak were screwed.Real estate has great potential. Personally, I would rather buy a HOUSE out of state as a rental rather than a condo or conversion around here.
Paying cash would be ultra conservative and not something that I would recommend either.
Have you ever been a landlord before ??
January 6, 2009 at 10:52 AM in reply to: Buying an condo conversaion as an investment property #325246ParticipantI wouldn’t buy a condo OR condo conversion as an investment, PERIOD.
I believe that LLC’s in CA require an $800 annual filing fee.
Income from an LLC should be pass through income straight to your 1040. No corporate tax or separate return to file
2005 prices mean NOTHING as a comparison.
It’s like talking about tech stocks at the peak of the bubble, and thinking that $500 a share represented value, they ultimately went to zero, and people who bought all the way down based on the peak were screwed.Real estate has great potential. Personally, I would rather buy a HOUSE out of state as a rental rather than a condo or conversion around here.
Paying cash would be ultra conservative and not something that I would recommend either.
Have you ever been a landlord before ??
January 6, 2009 at 10:52 AM in reply to: Buying an condo conversaion as an investment property #325263ParticipantI wouldn’t buy a condo OR condo conversion as an investment, PERIOD.
I believe that LLC’s in CA require an $800 annual filing fee.
Income from an LLC should be pass through income straight to your 1040. No corporate tax or separate return to file
2005 prices mean NOTHING as a comparison.
It’s like talking about tech stocks at the peak of the bubble, and thinking that $500 a share represented value, they ultimately went to zero, and people who bought all the way down based on the peak were screwed.Real estate has great potential. Personally, I would rather buy a HOUSE out of state as a rental rather than a condo or conversion around here.
Paying cash would be ultra conservative and not something that I would recommend either.
Have you ever been a landlord before ??
January 6, 2009 at 10:52 AM in reply to: Buying an condo conversaion as an investment property #325345ParticipantI wouldn’t buy a condo OR condo conversion as an investment, PERIOD.
I believe that LLC’s in CA require an $800 annual filing fee.
Income from an LLC should be pass through income straight to your 1040. No corporate tax or separate return to file
2005 prices mean NOTHING as a comparison.
It’s like talking about tech stocks at the peak of the bubble, and thinking that $500 a share represented value, they ultimately went to zero, and people who bought all the way down based on the peak were screwed.Real estate has great potential. Personally, I would rather buy a HOUSE out of state as a rental rather than a condo or conversion around here.
Paying cash would be ultra conservative and not something that I would recommend either.
Have you ever been a landlord before ??
January 6, 2009 at 10:45 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325163Participantsdr,,
Why do people lie ?
Nothing to gain from it.I respect you and know that you know your stuff.
It’s difficult to separate sarcasm, humor, etc on a blog….I agree with you.
In reality, a letter from direct lender is no better than one from me. Until the loan is underwritten and approved, it’s only an application.
One thing the direct lender might have over me is that they might get away with doing something illegal and getting away with it.
Confidentiality is guaranteed, don’t worry.
In my opinion, a REALTOR shoudn’t be involved in a buyer’s finances or ever see their bank statements or personal information.
They only need to know that the buyer is approved for their offer, without knowing the upper limits of what they qualify for.That is confidential between me and my client.
People don’t get this when they shop by rate alone.You know how to reach me if you want to check with me. I’d be honored to have the opportunity. HLS
January 6, 2009 at 10:45 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325231Participantsdr,,
Why do people lie ?
Nothing to gain from it.I respect you and know that you know your stuff.
It’s difficult to separate sarcasm, humor, etc on a blog….I agree with you.
In reality, a letter from direct lender is no better than one from me. Until the loan is underwritten and approved, it’s only an application.
One thing the direct lender might have over me is that they might get away with doing something illegal and getting away with it.
Confidentiality is guaranteed, don’t worry.
In my opinion, a REALTOR shoudn’t be involved in a buyer’s finances or ever see their bank statements or personal information.
They only need to know that the buyer is approved for their offer, without knowing the upper limits of what they qualify for.That is confidential between me and my client.
People don’t get this when they shop by rate alone.You know how to reach me if you want to check with me. I’d be honored to have the opportunity. HLS
January 6, 2009 at 10:45 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325248Participantsdr,,
Why do people lie ?
Nothing to gain from it.I respect you and know that you know your stuff.
It’s difficult to separate sarcasm, humor, etc on a blog….I agree with you.
In reality, a letter from direct lender is no better than one from me. Until the loan is underwritten and approved, it’s only an application.
One thing the direct lender might have over me is that they might get away with doing something illegal and getting away with it.
Confidentiality is guaranteed, don’t worry.
In my opinion, a REALTOR shoudn’t be involved in a buyer’s finances or ever see their bank statements or personal information.
They only need to know that the buyer is approved for their offer, without knowing the upper limits of what they qualify for.That is confidential between me and my client.
People don’t get this when they shop by rate alone.You know how to reach me if you want to check with me. I’d be honored to have the opportunity. HLS
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