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Updated over 9 years ago, 04/10/2015

Logan Allec's profile image
Logan Allec's profile image
Logan Allec
  • Accountant
  • from Los Angeles, CA
  • Member since Nov 3, 2014
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1,264
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Logan Allec's profile image
Logan Allec's profile image
Logan Allec
  • Accountant
  • from Los Angeles, CA
  • Member since Nov 3, 2014
Connect
Logan Allec
  • Accountant
  • Los Angeles, CA
976
Votes |
1,264
Posts
Starting Out

Complete rookie...seller agreed to my price...what do I do now?

Logan Allec
  • Accountant
  • Los Angeles, CA
Posted

Sad story. The seller got cancer, cannot work, and needs to liquidate assets. Anyway, he is willing to sell me his duplex with a great view of Downtown LA at a decent discount.

Key points:

  • I am planning to live in one unit and rent the other out.
  • I am planning on putting 20% down (3.5% FHA if this property will pass FHA muster...but I'm not sure it will).

What are my next steps?

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