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All Forum Posts by: Alex G.

Alex G. has started 13 posts and replied 249 times.

Post: National Renters Rights Plan

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

"...a pathway to citizenship for undocumented immigrants - which would make them eligible for public housing benefits."

Nod bad - for illegals.

Post: How can you invest in SFH that cost over 500K?

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

In my (Eastern Mass) experience, overpriced cities tend to get more overpriced in boom times, and are first to recover from periodically occurring busts (e.g. S&L debacle, subprime mortgage crisis).   Ergo, the least risky strategy is house flipping.

Post: Any Reason Not to Refinance?

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

There is nothing wrong with a zero-point refi.  I would not pay points because, IMHO, interest rates will continue to decline creating new opportunities to refinance.

Post: I’m a new investor and private money fell through, Hard money?

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

HML interest rates and points do not lend themselves to buy-and-hold (e.g. BRRRR).

Post: Beginner in Mobile Home Investing

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

"Mobile Home Wealth" was published in 2007 and is somewhat outdated, especially wrt to seller financing.

You can find a lot of useful info by searching BP for "Dodge-Frank".

Post: Electrical Safety Report vs Electrical Permit

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

Don't.  The less you know, the better it is for you. If you do an inspection, you may be legally obligated to disclose and, perhaps, remediate health and safety issues uncovered by the inspection.

Post: Having landlord/tenant issues

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135
Originally posted by @Anne Bois:

@Alex G. Rent

As a tenant, you have rights:  
https://www.nolo.com/legal-encyclopedia/free-books/renters-rights-book/chapter7-2.html
 

Post: Seller fund my rehab

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

Sounds like you and the seller are not on the same page.  Why would a seller let someone who they don't know to (potentially) butcher their house and, on top of it, finance the project?

Post: Having landlord/tenant issues

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

Do you own or rent a house you live in?

Post: Zillow foreclosure listing

Alex G.Posted
  • Eastern Mass & Central Maine
  • Posts 252
  • Votes 135

Zillow's estimated values are notoriously inaccurate.