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11 December 2024 | 5 replies
The seller's refused to reimburse our LLC the home inspection costs.Under these conditions, since our purchase contract includes an "inspection contingency," CAN WE GET OUR MONEY BACK FOR THE HOME INSPECTION THAT REVEALED A PROPERTY IS A FIXER WHEN THE LISTING AND PHOTOS SHOWS THE PROPERTY IS IN MOVE-IN CONDITION?
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14 December 2024 | 4 replies
And then, how much money do you have?
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11 December 2024 | 34 replies
Do not waste your money!!!!!!!!
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12 December 2024 | 10 replies
Those can 10x+ your money.
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12 December 2024 | 7 replies
We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.
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13 December 2024 | 3 replies
The plumber will likely have to cut open the ceiling to confirm and make repairs, so you can save a little money by learning how to do that yourself, confirm the problem, and then call the plumber for repair, then patch the ceiling yourself.As Jonathan is trying to point out, it's important to expect these things and have funds on hand to deal with them.
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10 December 2024 | 5 replies
It depends on if you want to make money or lose it.
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12 December 2024 | 1 reply
Of course then covid pushed rates even lower, which of course because no one wanted to borrow money with that kind of uncertainty.
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13 December 2024 | 6 replies
Selling it for more money than its worth to a borrower who cannot afford it will lead to you needing to foreclose in 3 years and deal with all those headaches and a trashed home.
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12 December 2024 | 3 replies
Happy to chat to you about those first tie home buyer programs.. some of them require almost no money down!