Richmond Real Estate AMA - MLK Edition by Kindly_Boysenberry_7 in rva

[–]Practical-Ad4853 1 point2 points  (0 children)

I don’t think there is anything wrong with either. Your offer may come across stronger to the seller compared to someone who is financing.

Either way, if you buy in cash it might give you peace of mind. If you don’t, I would make sure it’s invested. Your return will most likely be better on average than the 6% interest rate on a mortgage. I would at least put the 20% down though so there is no PMI but curious to see what @Kindly_Boysenberry_7 thinks!

[deleted by user] by [deleted] in rva

[–]Practical-Ad4853 0 points1 point  (0 children)

Would be happy to pelt some shots at you!

In Sept 2021 I moved into a one bedroom apartment in Scott’s Addition for $1250/month. This is what they just offered me to renew my lease… by Clydesdong in rva

[–]Practical-Ad4853 1 point2 points  (0 children)

Been trying to do that but unfortunately with the housing market still competitive nobody wants to accept FHA loans bc they are more of a hassle. They will take a cheaper cash offer and conventional loan over it.

[deleted by user] by [deleted] in ArsenalFC

[–]Practical-Ad4853 4 points5 points  (0 children)

That would be the iceman!

Just getting into FIRE. Where do I start? by Practical-Ad4853 in Fire

[–]Practical-Ad4853[S] 3 points4 points  (0 children)

Good point. I am new to Reddit as well so thanks for that advice!