All Forum Posts by: Arthur Schwartz

I may be bidding at a upcoming foreclosure auction.  Terms appear to be 5% down in the form of a cashier's check; balance within 10 days.  Questions:  since i need a check in the correct amount, if i bring a check for more, do i get a refund?   also is it easy to refinance these properties (a singe family home)  if i pay all cash for the cashiers check and the 95% balance?  also, to whom is the check made out to?  me? also how do others handle the, "you can look from outside but cannot go in" issue? Thank you!

I saw the 10% just doing a general search on the internet (no specific lender named)

I just purchased a "condo" in Lynnwood, with HOA of $250 per month. "Condo" is simply a term used because over 90% of the lot is the building. This really a 1754 square foot town home or house. I would agree that the HOA fee seems high. A small consolation is that the Dwelling Fire policy would be "walls in" only which is much less expensive than a Dwelling Fire "walls out" or a Homeowners policy. "Walls in" simply means that the roof & structure are not covered because that is covered by the HOA dues.

Does anyone have insights on how much down payment is required for an apartment building?  From various sources I received very different amounts, ranging from 10% to 33%.  Does it vary with the type of lender?  Thank you for your comments!

how would a rental property investor find or make a positive cash flowing property in an expensive market like San Fran, Seattle, NYC, Washington DC?  The prices seem to preclude positive cash flow unless the investor puts 35% or more down.  Comments?

Or do they simply put more down, say 35% or more, to reduce the mortgage payments and bring rents and expenses into line?

Steven Pool is right for all counties I am aware of not only in Wisconsin:  "

In the future, most counties in WI have online GIS websites that you can search the property address and pull up all the information that the county has on it which will have the legal description. "

thank you basit!  understood and appreciate!

I am a joint owner in a farm, tenants in common. This is similar to a partnership.

I am interested in filing a “partition in kind” legal action which simply physically subdivides the property. There is a substantial equity from day one, (based on an recent appraisal) but not much income on the property. Once the subdivision is completed, can I tap into that equity to purchase rental properties which allow me to pay back the loan of the equity? How much is typically available, for example 70% to 90%? How soon can I do that after the subdivision? Thank you. [no deals yet]

I am about to purchase my first SFH as an investment property. There is a substantial equity from day one. And I may the mortgage down (or put more than the minimum the mortgage requires, to bring revenue and expenses into line). How can I tap into that equity? How much is typically available, for example 70% to 90%? How soon can I do that after purchasing the SFH? Thank you. [no deals yet]