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16 September 2024 | 16 replies
If they require an appraisal, they will likely cut the loan amount, too (standard LTARV is 70%).
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14 September 2024 | 8 replies
I mean if its standard, and theres no way around it, then sure.
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12 September 2024 | 58 replies
He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience!
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14 September 2024 | 20 replies
I'm an agent in Oklahoma and we have a Seller Finance addendum written up by the state real estate commission that functions just like an FHA or Conventional Loan addendum to a sales contract.This is, of course, standard when you purchase a home with bank financing.
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13 September 2024 | 1 reply
Hello BP community,I'm a landlord in California, and I'm dealing with a situation where my tenant is refusing to pay rent for the time during which mold repairs were being done due to water damage from a neighboring unit.
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17 September 2024 | 19 replies
A lot of other investors who go the same path will be burned and stuck under water once it's ready to sell.
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14 September 2024 | 12 replies
Talk to the building inspector, they're the ones who handle egress for us and they are the ones who set the standard on what is a safe means of egress.
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13 September 2024 | 2 replies
Is there a standard termination agreement a seller should use with a realtor in the state of Texas?
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19 September 2024 | 29 replies
Don't accurately represent the neighborhood/property classification.Don't have consistent rehab standards for all propertiesDon't provide a scope of work for the renovation that they have done.Are they a turn-key company or are they a promoter?
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13 September 2024 | 4 replies
The inspection requirements can vary, but properties usually need to meet their safety and livability standards.