All Forum Posts by: Alex G.

Does he have a VA mortgage? If yes, you might want to check if the lender would let you assume it. VA loans usually have lower interest rates and closing costs.

https://www.zillow.com/homedetails/24665-S-Highway-79-Catalina-AZ-85739/2082082831_zpid/?view=public

There is a simple test to determine one's risk tolerance level.  You are overextended If you lose sleep over your investments.

https://www.publicnoticeads.com/az/

The listing broker knows who the seller is and may be able to provide you with additional information about the property.

Worcester is one of those markets that are last to rise, and first to go down, during a RE cycle.  Currently, the city is in the midst of a mini-boom driven by people who cannot afford to invest closer to Boston.  This makes Worcester a good place to flip but not buy-and-hold.

If you want to invest in the vicinity of Marlborough, consider locales with easy access to Rt.2 or MassPike.

IMHO, one's first RE acquisition should be one's primary residence, preferably an MF or MH.

It may find it difficult to refi a 50k rental property.

A 30-year mortgage is a no-brainer because the mortgagor can turn it into a 20-15-10-5-year mortgage by prepaying the principal, but not the other way around.

The answer is no.  If you rehab a house for a typical homebuyer, you will likely end up owning an over-improved rental that is not tenant-proof.