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AuthorPosts
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Raybyrnes
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
ParticipantRadelow
I did a lot of searching around before I found a place. What I learned through the process is that you are in the drivers seat at the moment as there are not a lot of people moving around at this point in the year. If they don’t rent the place now they could likely be holding the property until April or May.
Professional management companies understand this and that is why they offer incentives and discounts like 1 month of rent free, no down payment etc. Individual owners are not always as bright and sometimes will sptie themselves by not renting even though it is too their disadvantage.
If you are going to offer 1700 a month you may want to present the offer as $20400 for the year divided into monthly payment of $1700. It might help the owner understand that the property is about yield and if he forgoes 1 month of yrent holding out for a higher price it could potentially work against him.
12*1700=$20400
Miss 2 months rent waiting
10*1975=$19750This does not even factor good credit reisk and rental history vs bad credit and rental history.
Participantkev374
I’m missing somthing. The way I understand the program, the limits should have adjusted downward to reflect the declining costs. By leaving the limits unchanged they are actually helping more borrowers who are potentially on the edge. Additonally this expands the pool of potential buyers. I would think that this slows the housing correction rather than accelerating it.
Participantkev374
I’m missing somthing. The way I understand the program, the limits should have adjusted downward to reflect the declining costs. By leaving the limits unchanged they are actually helping more borrowers who are potentially on the edge. Additonally this expands the pool of potential buyers. I would think that this slows the housing correction rather than accelerating it.
Participantkev374
I’m missing somthing. The way I understand the program, the limits should have adjusted downward to reflect the declining costs. By leaving the limits unchanged they are actually helping more borrowers who are potentially on the edge. Additonally this expands the pool of potential buyers. I would think that this slows the housing correction rather than accelerating it.
Participantkev374
I’m missing somthing. The way I understand the program, the limits should have adjusted downward to reflect the declining costs. By leaving the limits unchanged they are actually helping more borrowers who are potentially on the edge. Additonally this expands the pool of potential buyers. I would think that this slows the housing correction rather than accelerating it.
Participantkev374
I’m missing somthing. The way I understand the program, the limits should have adjusted downward to reflect the declining costs. By leaving the limits unchanged they are actually helping more borrowers who are potentially on the edge. Additonally this expands the pool of potential buyers. I would think that this slows the housing correction rather than accelerating it.
ParticipantInterest rates Hit historical lows not so long ago and the economy did not collapse. I would tend to think that the rest of the world would continue to devalue our currency which would have the effect of increasing demand for our exports.
Long term rates and short term rates are not always correlated but the majority of people bought homes using a first and second mortgage. A 2 point reduction in the Fed Funds could potenially lower payments on 2nd loans by enough to help some homeowners skate by for a longer period of time. This would work against non homeowners at lease in the short term.
With additional time there is additional opportunities for government to conimue to step in to help these people or I should say hurt those on the sidelines.
ParticipantInterest rates Hit historical lows not so long ago and the economy did not collapse. I would tend to think that the rest of the world would continue to devalue our currency which would have the effect of increasing demand for our exports.
Long term rates and short term rates are not always correlated but the majority of people bought homes using a first and second mortgage. A 2 point reduction in the Fed Funds could potenially lower payments on 2nd loans by enough to help some homeowners skate by for a longer period of time. This would work against non homeowners at lease in the short term.
With additional time there is additional opportunities for government to conimue to step in to help these people or I should say hurt those on the sidelines.
ParticipantInterest rates Hit historical lows not so long ago and the economy did not collapse. I would tend to think that the rest of the world would continue to devalue our currency which would have the effect of increasing demand for our exports.
Long term rates and short term rates are not always correlated but the majority of people bought homes using a first and second mortgage. A 2 point reduction in the Fed Funds could potenially lower payments on 2nd loans by enough to help some homeowners skate by for a longer period of time. This would work against non homeowners at lease in the short term.
With additional time there is additional opportunities for government to conimue to step in to help these people or I should say hurt those on the sidelines.
ParticipantInterest rates Hit historical lows not so long ago and the economy did not collapse. I would tend to think that the rest of the world would continue to devalue our currency which would have the effect of increasing demand for our exports.
Long term rates and short term rates are not always correlated but the majority of people bought homes using a first and second mortgage. A 2 point reduction in the Fed Funds could potenially lower payments on 2nd loans by enough to help some homeowners skate by for a longer period of time. This would work against non homeowners at lease in the short term.
With additional time there is additional opportunities for government to conimue to step in to help these people or I should say hurt those on the sidelines.
ParticipantInterest rates Hit historical lows not so long ago and the economy did not collapse. I would tend to think that the rest of the world would continue to devalue our currency which would have the effect of increasing demand for our exports.
Long term rates and short term rates are not always correlated but the majority of people bought homes using a first and second mortgage. A 2 point reduction in the Fed Funds could potenially lower payments on 2nd loans by enough to help some homeowners skate by for a longer period of time. This would work against non homeowners at lease in the short term.
With additional time there is additional opportunities for government to conimue to step in to help these people or I should say hurt those on the sidelines.
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