All Forum Posts by: Alexander Romanov

Hello,

About 8 months ago I purchased my first 4plex using an FHA 3.5% downpayment loan. I am eager to purchase my second 4plex with the same FHA 3.5% DP loan; however, to do so I need to refinance the first loan. I currently have about 5% equity in the property and don't have additional funds to purchase more equity, what are my options?

Hi Aaron,

Sorry for the slow response. The rules of the MLS allow you to market a property once you have it under contract. Therefore, once I get a property under contract I work with my broker to list it on the MLS.

Alex

Patrick you are everywhere! 

My next round of yellowletters will be out on Monday and I will have some deals to review toward the end of the month. 

Great opportunity for a builder or a flipper; selling the contract...

8329 44TH AVE S Seattle 98118
0.49 acres
Sale price $430K

Additional details at the link
http://info.kingcounty.gov/Assessor/eRealProperty/Detail.aspx?ParcelNbr=4006000255

Hi Adrian and Zach, do you know any agents who do residential BPOs?

Hi investors,

Can you recommend an agent or a broker who does lots of BPOs in the Seattle area?

Regards,

Alex

Hi Tatiana, You are correct the land under the house is leased and cannot be bought. That's why I am not sure if I am getting a good deal or not.

Has anyone bought or knows about buying property on Tulalip reservation?

Given that it's sovereign land, how secure is the investment?

Does the tribe have any plans of reclaiming land or property?

How high is the risk of losing property to land reclamation?

What are the downsides and upsides to buying property on the reservation?

I am looking for information that will help me make a decision whether I should buy or stay clear of properties on the reservation.

Thank you for your help and input

This is my first time wholesaling a deal on BP. I will appreciate all feedback regarding the post, price, etc. Thank you, Alex

1)

Contract for sale $155K

1612 25th St, Everett, WA 98201

3bd, 1.75bth, 1600sqft house, with walk in basement

Repairs $40-50

ARV $280-300

Photos available here:

https://www.redfin.com/WA/Everett/1612-25th-St-98201/home/2720895

2)

Contract for sale $415K

18003 Homeview Dr, Edmonds, WA 98026

3bd, 2.75 bth, 2900sqft house, with a partial view of the bay

Repairs $70-90K

ARV $570-610

Photos available here:

http://seattle.craigslist.org/see/reo/5194769643.html

3)

Contract for sale $430K

Property address:

8329 44th Ave S, Seattle, WA 98118

3bd, 2bth, 2700sqft, Lot 0.49 Acres

Custom built rambler, nice details inside

Subdivide or multiunit

Photos:

http://seattle.craigslist.org/see/reo/5195819332.html

Hi Patrick, you are omnipresent : )

Thanks for the offer; I'll send you an email.