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3 April 2024 | 9 replies
This arrangement can accommodate two couples, or a family of 4-5 that would be open to the single bathroom setup.
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3 April 2024 | 5 replies
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZmy mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?
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3 April 2024 | 5 replies
If considering a 4-Plex in Las Vegas, I see several come onto market, and seemingly 4-5 at a time - however they all tend to be C and D Class properties with renovations needed.
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3 April 2024 | 9 replies
(It's rare for me to get someone who wants to book for 4-5 months.
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3 April 2024 | 6 replies
When I started focusing more on the surrounding counties 45 minutes outside a metropolitan city, my return on investment increased tremendously.
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2 April 2024 | 10 replies
In theory, there is no reason this settlement would have an effect on sellers, in fact if anything it should make it cheaper, I say in theory because the biggest outcome of this case is going to be the media coverage of the settlement, the truth is and this doesn’t make for a dramatic headline, there are 4-5 million home transactions a year, the vast vast majority were done on the mls with the agent’s splliting 5-6%.
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4 April 2024 | 19 replies
You used to be able to get rates in the 4-5% ranges, but now they are in the 7-8% range due to an increase in inflation.
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3 April 2024 | 9 replies
the rest of the 44 pages just itemize the crimes, he made fraudulent documents/forgeries etc, to get 2000 investors to put in about 658 million over 4-5 yrs, WOW, i wonder how many other similar PONZIs have been running all around the country, particularly in the growthier multi-family syndications
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1 April 2024 | 6 replies
There was a maximum percentage of units owned by the developer as well as all units in the building were required to be completed through drywall.We ended up partnering with local lenders (4-5 banks and credit unions) who could finance the sales which ended up costing about .5 pts higher than other loan products.