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All Forum Posts by: Arthur Schwartz

Arthur Schwartz has started 19 posts and replied 124 times.

Post: Two story duplex available in Orangeburg

Arthur SchwartzPosted
  • Investor
  • Posts 129
  • Votes 37

Great for living in one unit and renting the other unit; OR use the duplex as a large Single family house. Ample parking. Septic. Close to Walmart. About 1,715 square feet. Please contact Renata Smalls for more info; 843 864 3990 or [email protected]

your real estate transactions may be subject to FIRPTA.  Mary Enzi is one expert in that area

you can sell immediately and do not have to wait until paid off.  you can offer any terms to the buyer such $15k down, and finance $385K, if you seller finance.  but if they cannt afford 20% down ($60K), they are a high risk of not making payments; and there are legal costs to foreclose and get your property back

HML is the same as getting a mortgage from a regular lender such as a bank or credit union, but the HML does not require as much documentation and they provide money really fast say, within a few days. A conventional mortgage can take weeks to get. In exchange for less documentation, the HML charges a higher interest rate

Post: Hold or Buy?

Arthur SchwartzPosted
  • Investor
  • Posts 129
  • Votes 37

Consider a cash out refi, at a low LTV, say 25%

look into a hard money lender

interesting take.  ADUs are filling some demand.  Newer modular housing will make it easier and cheaper to put up a home

Quote from @Arthur Schwartz:

hire a general contractor to loo a the property.  I'll bet it is going to be a good deal


 to look at the property

hire a general contractor to loo a the property.  I'll bet it is going to be a good deal