[montana]

We purchased our home last December and performed the inspection after approval. There were a number of reasons why I was comfortable that the inspector would find little to no issues with the home. (1) The home was built in 2006, (2) the original owner never occupied the home, (3) the renters had already moved and left the place spotless, (4) our next door neighbor who just closed on their short sale found zero material items in their inspection, and (5) my realtor and I went through the home twice top to bottom (we both are fairly handy) and found four or five immaterial issues. After the inspection, the report listed our six or seven immaterial issues, of which he caught all of the items we found. I didn’t ask for anything and fixed the items myself, probably totaling $250.

[montana]

We purchased our home last December and performed the inspection after approval. There were a number of reasons why I was comfortable that the inspector would find little to no issues with the home. (1) The home was built in 2006, (2) the original owner never occupied the home, (3) the renters had already moved and left the place spotless, (4) our next door neighbor who just closed on their short sale found zero material items in their inspection, and (5) my realtor and I went through the home twice top to bottom (we both are fairly handy) and found four or five immaterial issues. After the inspection, the report listed our six or seven immaterial issues, of which he caught all of the items we found. I didn’t ask for anything and fixed the items myself, probably totaling $250.

[montana]

We purchased our home last December and performed the inspection after approval. There were a number of reasons why I was comfortable that the inspector would find little to no issues with the home. (1) The home was built in 2006, (2) the original owner never occupied the home, (3) the renters had already moved and left the place spotless, (4) our next door neighbor who just closed on their short sale found zero material items in their inspection, and (5) my realtor and I went through the home twice top to bottom (we both are fairly handy) and found four or five immaterial issues. After the inspection, the report listed our six or seven immaterial issues, of which he caught all of the items we found. I didn’t ask for anything and fixed the items myself, probably totaling $250.

[montana]

We purchased our home last December and performed the inspection after approval. There were a number of reasons why I was comfortable that the inspector would find little to no issues with the home. (1) The home was built in 2006, (2) the original owner never occupied the home, (3) the renters had already moved and left the place spotless, (4) our next door neighbor who just closed on their short sale found zero material items in their inspection, and (5) my realtor and I went through the home twice top to bottom (we both are fairly handy) and found four or five immaterial issues. After the inspection, the report listed our six or seven immaterial issues, of which he caught all of the items we found. I didn’t ask for anything and fixed the items myself, probably totaling $250.

[montana]

Based upon my valuation with the basic assumptions that you provided (165K, 15% down, 1.7K in rents) along with very conservative future revenue and expense assumptions, along with a five year sell scenario, I can get an IRR of 11-12% which includes a passive activity loss yearly and positive cash flow, but, I can’t seem to get the capitalization rate north of 8% without really knowing the area that you are considering and the condition of the property. Most investors require a higher capitalization rate, but if you manage the rents properly and keep your expenses in check (including managing the property yourself if you are able), you can get that capitalization rate closer to 9%. Good luck.

[montana]

Based upon my valuation with the basic assumptions that you provided (165K, 15% down, 1.7K in rents) along with very conservative future revenue and expense assumptions, along with a five year sell scenario, I can get an IRR of 11-12% which includes a passive activity loss yearly and positive cash flow, but, I can’t seem to get the capitalization rate north of 8% without really knowing the area that you are considering and the condition of the property. Most investors require a higher capitalization rate, but if you manage the rents properly and keep your expenses in check (including managing the property yourself if you are able), you can get that capitalization rate closer to 9%. Good luck.

[montana]

Based upon my valuation with the basic assumptions that you provided (165K, 15% down, 1.7K in rents) along with very conservative future revenue and expense assumptions, along with a five year sell scenario, I can get an IRR of 11-12% which includes a passive activity loss yearly and positive cash flow, but, I can’t seem to get the capitalization rate north of 8% without really knowing the area that you are considering and the condition of the property. Most investors require a higher capitalization rate, but if you manage the rents properly and keep your expenses in check (including managing the property yourself if you are able), you can get that capitalization rate closer to 9%. Good luck.

[montana]

Based upon my valuation with the basic assumptions that you provided (165K, 15% down, 1.7K in rents) along with very conservative future revenue and expense assumptions, along with a five year sell scenario, I can get an IRR of 11-12% which includes a passive activity loss yearly and positive cash flow, but, I can’t seem to get the capitalization rate north of 8% without really knowing the area that you are considering and the condition of the property. Most investors require a higher capitalization rate, but if you manage the rents properly and keep your expenses in check (including managing the property yourself if you are able), you can get that capitalization rate closer to 9%. Good luck.

[montana]

Based upon my valuation with the basic assumptions that you provided (165K, 15% down, 1.7K in rents) along with very conservative future revenue and expense assumptions, along with a five year sell scenario, I can get an IRR of 11-12% which includes a passive activity loss yearly and positive cash flow, but, I can’t seem to get the capitalization rate north of 8% without really knowing the area that you are considering and the condition of the property. Most investors require a higher capitalization rate, but if you manage the rents properly and keep your expenses in check (including managing the property yourself if you are able), you can get that capitalization rate closer to 9%. Good luck.

[montana]

The student loans that you consolidated in 2004 were variable rate stafford loans. You consolidated and locked in the then current weighted average rate of the stafford loans. You may have been offered additional borrower benefits that could reduce that rate further (on time payment discounts or ACH discounts).

Unfortunately, the loans that your wife took out were probably originated after changes in the Higher Education Act that changed stafford loans from variable rate loans to a fixed 6.8%.

You can still consolidate those loans, but now, only with the Department of Education (no more private lending, that is why you don’t see consolidation offers anymore) and you will retain the rate at which they current exist. However, depending on the balance of the loans, you may be able to extend the term to a manageable monthly payment and may be offered an ACH discount. You can also request a special IBR (income based repayment plan) repayment plan that is tiered to allow you to keep making at least your interest payments.

Do whatever you can to stay our of deferment or forbearance as the interest that accrues during these periods capitalizes.

[montana]

The student loans that you consolidated in 2004 were variable rate stafford loans. You consolidated and locked in the then current weighted average rate of the stafford loans. You may have been offered additional borrower benefits that could reduce that rate further (on time payment discounts or ACH discounts).

Unfortunately, the loans that your wife took out were probably originated after changes in the Higher Education Act that changed stafford loans from variable rate loans to a fixed 6.8%.

You can still consolidate those loans, but now, only with the Department of Education (no more private lending, that is why you don’t see consolidation offers anymore) and you will retain the rate at which they current exist. However, depending on the balance of the loans, you may be able to extend the term to a manageable monthly payment and may be offered an ACH discount. You can also request a special IBR (income based repayment plan) repayment plan that is tiered to allow you to keep making at least your interest payments.

Do whatever you can to stay our of deferment or forbearance as the interest that accrues during these periods capitalizes.

[montana]

The student loans that you consolidated in 2004 were variable rate stafford loans. You consolidated and locked in the then current weighted average rate of the stafford loans. You may have been offered additional borrower benefits that could reduce that rate further (on time payment discounts or ACH discounts).

Unfortunately, the loans that your wife took out were probably originated after changes in the Higher Education Act that changed stafford loans from variable rate loans to a fixed 6.8%.

You can still consolidate those loans, but now, only with the Department of Education (no more private lending, that is why you don’t see consolidation offers anymore) and you will retain the rate at which they current exist. However, depending on the balance of the loans, you may be able to extend the term to a manageable monthly payment and may be offered an ACH discount. You can also request a special IBR (income based repayment plan) repayment plan that is tiered to allow you to keep making at least your interest payments.

Do whatever you can to stay our of deferment or forbearance as the interest that accrues during these periods capitalizes.

[montana]

The student loans that you consolidated in 2004 were variable rate stafford loans. You consolidated and locked in the then current weighted average rate of the stafford loans. You may have been offered additional borrower benefits that could reduce that rate further (on time payment discounts or ACH discounts).

Unfortunately, the loans that your wife took out were probably originated after changes in the Higher Education Act that changed stafford loans from variable rate loans to a fixed 6.8%.

You can still consolidate those loans, but now, only with the Department of Education (no more private lending, that is why you don’t see consolidation offers anymore) and you will retain the rate at which they current exist. However, depending on the balance of the loans, you may be able to extend the term to a manageable monthly payment and may be offered an ACH discount. You can also request a special IBR (income based repayment plan) repayment plan that is tiered to allow you to keep making at least your interest payments.

Do whatever you can to stay our of deferment or forbearance as the interest that accrues during these periods capitalizes.

[montana]

The student loans that you consolidated in 2004 were variable rate stafford loans. You consolidated and locked in the then current weighted average rate of the stafford loans. You may have been offered additional borrower benefits that could reduce that rate further (on time payment discounts or ACH discounts).

Unfortunately, the loans that your wife took out were probably originated after changes in the Higher Education Act that changed stafford loans from variable rate loans to a fixed 6.8%.

You can still consolidate those loans, but now, only with the Department of Education (no more private lending, that is why you don’t see consolidation offers anymore) and you will retain the rate at which they current exist. However, depending on the balance of the loans, you may be able to extend the term to a manageable monthly payment and may be offered an ACH discount. You can also request a special IBR (income based repayment plan) repayment plan that is tiered to allow you to keep making at least your interest payments.

Do whatever you can to stay our of deferment or forbearance as the interest that accrues during these periods capitalizes.

[montana]

I just picked up an iMac for my wife and she loves it. She signed up for a web design class to take for fun and through Apple was able to get the student discount of $100 for the iMac.

She also picked up an iTouch and Printer as the rebates covered them completely. The rebates were easy to process and she received the rebate checks in four days. She will probably keep the iTouch and sell the printer on ebay or Craigslist for $50.

The final kicker was if she were to purchase Adobe Create Suite 3.3 Web Premium (includes Dreamweaver, Photoshop, and numerous other programs) at the same time as the iMac, which was needed for her class, she would get that for $299. Retail on that directly through Adobe is currently $1599, and was offered at Apple for $1399.

Great experience, now debating on whether or not to pickup a MacBook Pro and eliminate the remainder of our PC’s that are lying around.

[Author]

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