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27 January 2025 | 5 replies
If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road.
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31 January 2025 | 20 replies
I have seen it backfire when companies attempt to get posts removed, including with legal threats.
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22 January 2025 | 22 replies
From my experience, security has been good, there’s plenty of space around the pools and clubhouse area too, so it’s never loud or crowded, and the HOA appears to also cater to a broader more modern and contemporary audience, to include its Canadian, Brazilian and European guests and investors.
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19 February 2025 | 27 replies
I only include properties at 12%+ yield which is calculated as projected income / asking price.
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18 January 2025 | 1 reply
The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!
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27 January 2025 | 7 replies
I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require PMI which is an additional expense, and you also need bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.
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19 January 2025 | 9 replies
Making the wrong hire, overlooking the risks, taking on too much debt.
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26 January 2025 | 11 replies
This includes cap ex, repairs (will a renter leave the property in the same condition you hand it off in?
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2 February 2025 | 2 replies
With that being said we tend to see a lot of CA buyers relocate here for the lower cost of living including lower home values, property taxes, insurance, no state income tax, gas prices etc.
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26 February 2025 | 21 replies
If you have 250k as the down and the rest hard including the rehab that is pretty intense.