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Favorite team:Virginia Tech 
Location:Hills of TN
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Interests:Fishing, Football, BBQ
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Number of Posts:1015
Registered on:3/6/2013
Online Status:Not Online

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re: Purchasing a rental property and deciding on the right loan - bobaftt1212
The 2 replies above are the reason for the question. I lean pretty heavily to valuing the additional cash each month. This is the first property where the difference between the 15 and 30 year notes were that substantial so before the decision was easier....
Posted on Money Talk
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re: Purchasing a rental property and deciding on the right loan - bobaftt1212
1600 is what it is already rented at. I own another house in the neighborhood that is also rented at 1600. This house has all new systems except for the water heater and new windows and siding. The owners intended to stay there but had to move for a job....
Posted on Money Talk
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Purchasing a rental property and deciding on the right loan - bobaftt1212
Purchase price is 165k Terms I am getting on a non owner occ loan: 25% down 15y 3.875% 20% down 15y 4.25% 25% down 30y 4.5% 20% down 30y 4.75% We have great credit and these numbers are similar no matter what bank I talk to. I keep running IRR calculations and the cash on cash return ...
Posted on Money Talk
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re: Buy a house, rent it, buy another, repeat strategy.... - bobaftt1212
where are you financing that you are getting 3% interest rates? ...
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re: Best wireless headphones for less than $120 - bobaftt1212
I got these for my wife to use at work for Christmas. They were the best reviewed ones under $100.00 I wanted them to be cheap enough that if they disappeared from her desk it wasn't a big deal....
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re: Ever been falsely accused of anything? - bobaftt1212
I was accused of taking money from the drawer at a job in college. ...
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re: High Cholesterol - Anyone taken red wheat rice to reduce LDL numbers? - bobaftt1212
Fish oil was great for helping my cholesterol. I ended up on Lovaza which is prescription strength fish oil. No fishy burps. It brought up good cholesterol and also made my triglycerides plummet....
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re: Cordless Drill Set Recommendations needed. - bobaftt1212
that porter cable drill can usually be had with the sawzall and circular saw for under 300 if you have use for those tools....
Posted on Outdoor Board
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re: Is it time to evict my tenant? - bobaftt1212
if you have to ask... I look at at like a business. It sounds to me like you may not have the stomach for rental property....
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re: Crunching #'s, I think Trump will win - bobaftt1212
you realize that there are a ton of people that turned out against trump in the primaries that aren't going to vote for him right? ...
Posted on Political Talk
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re: Installing TV Mount on exterior wall. Should I cut the siding? - bobaftt1212
I didn't. Just drilled through to the studs and mounted it....
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re: Rental Property Issue - Mold Issue - bobaftt1212
if its a lease purchase aren't they supposed to be doing the maintenance on it?...
Posted on Money Talk
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re: Can teachers really close the "achievement gap?" - bobaftt1212
How much of this is other countries juking the stats? I have read that in china they only measure achievement for the kids that are on the college track (which they determine at a young age)....
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re: What is your #1 vice? - bobaftt1212
internet usage and fishing gear...
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re: Ford is Bringing Back the Bronco and Ranger; Ranger Pic Added - bobaftt1212
the ranger is already in production for other market. We had one when I was in Haiti. It was trimmed out at a much lower level than I bet we will see here but it was a sharp little truck....
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re: Should you donate to Haiti after this Hurricane hits? - bobaftt1212
410bridge is a great charity that already partners with many communities in haiti. I went with them over the summer and was thoroughly impressed with the way they help Americans come along side Haitians to improve things. ...
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re: What Is The Maddest You Ever Saw Someone Get? - bobaftt1212
When I was a teenager my buddy and I were doing donuts in a back (fallow) field at a sod farm. My dad saw us from off in the distance and parked the tractor and stormed over to where we were. He was so mad he took his straw hat off and stomped on it....
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re: Quick Engagements...is this the new thing now? - bobaftt1212
6 weeks. Been married 12 years...
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re: Legit work from home business for Wife? - bobaftt1212
when mine was in college she sold stuff on Ebay....
Posted on Money Talk
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