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14 March 2014 | 2 replies
I see this as the kind of opportunity that you take advantage of, accepting the drawbacks with the nice equity position you appear to be capturing in this purchase.
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3 August 2016 | 20 replies
If the initial numbers look good there’s no time to waste and we understand the need to get the results of the evaluation back to you ask quickly as possible. 6.The draw back to an appraisal, you’re hanging your hat on one individual’s opinion, the turn time is 5-10 business days, appraisers’ expertise is in establishing the As-Is Value not the After Repair Value.7.We do require a $2500 deposit to get access to 100% Financing.
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2 April 2015 | 8 replies
The drawback for you is that you won't see any money until the property is sold, but you have worked out a deal with the investor in that you will get a higher percentage from the profits when the house sells, than you would have if he/she simply paid you up front.
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23 February 2015 | 3 replies
hubzu is a waste of time they only sell at a reserve price and then charge extra 5% fees only rarely is a home reduced but the fees are a big drawback most overpay for similar properties
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26 February 2015 | 1 reply
Summarize the merits/risks/drawbacks of the deal for both seller & buyer:What is the current income, current value, terms of existing mortgage, optimal income, optimal value etc?
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28 January 2014 | 42 replies
the drawback is they are very expensive and very risky.
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2 April 2014 | 18 replies
Homepath is a good way to acquire properties but it definitely has it's drawbacks.
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23 February 2014 | 40 replies
Big difference.The main draw back with multi's is that they won't appreciate as much and the pool of potential buyers is smaller.
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3 March 2014 | 13 replies
They are estimates (repair & ARV) plugged in by the seller or wholesaler so you really need to run your own numbers on any deal.Despite the drawbacks, I like their model.
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28 February 2017 | 5 replies
The only draw back is if I sell the property (which I don't intend to), refinance, or no longer occupy the property (which I intend to refinance, hopefully pulling out enough equity in 2-3 years to put down for another house hack) the second mortgage will become due.