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2 September 2021 | 4 replies
Hello EveryoneI'm looking to buy a standard lot which is a buildable (as far as county says) has it's own address, is zoned single family.The wetland on it is isolated and there are many houses around the lot, the neighborhood is established.Seller has a permit from Florida environmental protection, allowing to build a SFR with a plan to keep part of wetland on the backyard.
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25 August 2021 | 2 replies
My biggest weakness as An investor is most definitely in the tax/legal aspect, and I believe while being overseas an online entity could increase the possibility of further developing my knowledge on the topic through FaceTime/Skype style interactions.
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26 August 2021 | 8 replies
Or use a 203k or home style loan to do a rehab.
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7 September 2021 | 4 replies
@Artur A. really just depends on your long term goals and your investing style.
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3 September 2021 | 19 replies
I think your examples in the other replies, lower in this thread, speak to motive/intention....yours is pure and true to the pursuit of knowledge, and the one i'm complaining about is not...and their conduct/style/motive/intention creates a less than optimal environment for me to maximize the value from my time spent on BP....IMHO
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8 September 2021 | 3 replies
To me Craftsman Style porch columns make a great statement.
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24 September 2021 | 8 replies
Makes it difficult to get accurate value because of small sample size.Some infoLocation, affluent west shore suburb of Harrisburg, low crime, family oriented neighborhoodRanch style, 2400 Square Feet total, everything updated by hvac system (works fine)Each unit has 2 bed 1.5 bath, one is 1400 sq other is 1000Rent is 1450 one side, 1500 the other, renters pay all utilitiesInsurance, maintenance, and yard upkeep total 3000 a yearGood renter clientele, most are doctors or nurses, close local hospitalsBoth have separate driveway and yard Located in well of neighboorhood in low tax hampden township, taxes are 3500 a yearThe duplex was grandfathered, out of the 400+ houses in the development, there are only 5 multifamilies. 4 houses down the street sold for between 380-400k in the last 4 months.
1 September 2021 | 5 replies
As mentioned above, you can certainly use a commercial style loan (and there are some 30 year fixed rate commercial lenders out there) but working with a lender with no overlays on the Fannie/Freddie side is paramountSometimes when I type all of this out it might still not be 100% clear so feel free to ask any questions and I'll be here to help.
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30 August 2021 | 5 replies
@Nina TelthorstThat's very true.Properties have to be comp'd against "like" properties that are similar in style, size and utility AND that have closed in the last 6 months or so to have an accurate picture of value.
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1 September 2021 | 5 replies
So if a lender is offering you a portfolio/commercial style loan that will go up to 80%, make sure you are asking the right questions - what is the prepayment penalty, how long is the loan for, how often does the interest rate adjust.