Your parents likely have relatively low assessed valued due to Prop 13 in California. 

They gather your information, assess your needs and the deal, then find the best lender that meets what you need.

Here’s how to navigate these issues and negotiate with "AS-IS" sellers.Step 1: Asking the Right QuestionsDuring the initial phone call or walkthrough, I ask the seller key questions to assess the condition of the well and septic systems:Do you have any well reports, logs, purity tests, or flow tests?

In alignment with Jason's suggestion, it is advisable to explore various financing options for your property acquisition, potentially enabling higher leverage.Regarding the advice from your Realtor advocating for more expensive multifamily properties due to reduced competition, it is crucial to critically assess whether this aligns with your investment objectives.

That said, here’s another I underwrote…With this deal, the borrower had a comprehensive line up of documentation regarding the deal.

Stronger economies generally support higher rental demand and property appreciation.Neighborhood Analysis:Safety and Crime Rates: Avoid neighborhoods with high crime rates, as these can affect property values and rental income.Property Demand: Look for areas with growing populations or proximity to employment centers to ensure consistent rental demand.Property Condition: For fix and flips or BRRR, assess the condition of properties carefully.

Home was always up until her sickness in immaculate condition so kind of embarrassed to share the photos but will for assessment and creative ideas purpose.2.

They charge a percentage of the winning bid or tax assessed value, whichever is higher.

The figure we use is based on the appraisers assessment of fair market value for rent in that area.I'm always happy to help.

Perform due diligence, including soil tests, environmental assessments, and surveys to ensure the land is suitable for construction.