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16 May 2024 | 8 replies
This supports investment in zip codes like 13206, where median incomes are lower and there is a significant increase in sales volumes for more affordably priced homes.Property Flipping RecommendationsBased on the analysis, here are the recommended zip codes for lucrative property flipping in Syracuse NY:13210: High Rental Demand Area (71.76% renter occupied)High rental demand, especially for larger units, and substantial search interest in the area suggest strong market dynamics favorable for flipping houses.Multi-bedroom homes, especially those with 4 or more bedrooms, as these have seen substantial appreciation.
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16 May 2024 | 17 replies
This will decrease your Debt-To-Income Ratio to be more favorable with banks for loans and will improve your credit score as you mentioned.
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15 May 2024 | 15 replies
That's a method of borrowing money to borrow money, which is how people over-leverage and get themselves into trouble.You were fortunate enough to jump into the market when everything worked in your favor.
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14 May 2024 | 1 reply
Verify the interest rates and terms of the existing loans, as favorable rates can be beneficial, while higher rates might prompt you to consider refinancing later.Assess the condition of the properties thoroughly, especially since the owner is "done with them," which might indicate deferred maintenance.
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14 May 2024 | 11 replies
You need a deep bench and the ability to ask for a favor every so often.
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14 May 2024 | 2 replies
Some lenders have clauses that could trigger the due-on-sale clause if they discover the ownership transfer.Seller Financing Terms: The seller financing terms seem favorable with 0% interest for the first 2 years.
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15 May 2024 | 12 replies
Through diligent research, I successfully secured a favorable private loan and became eligible for a home loan.
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14 May 2024 | 1 reply
If it was created between 2015/2016 and 2019, I don't love it, and I'll generally opt to not respond if I'm having a favorable interaction with someone who has an older profile.
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16 May 2024 | 158 replies
I am all in favor of professionals charging for the value they provide but dang $20k-30k++ is a TON!