Ray Agosto
Trying to get a owner finance
8 November 2017 | 7 replies
Instant value add if the community will support it.
Arnel Ackar
subject 2: still worth it in late 2017
6 November 2017 | 7 replies
I got a house sub 2 this year, I only did it due to instant equity, ok cash flow and I think I can refi should I get called.
Alex Gallardo
What’s are the advantages of a 203K FHA?
7 November 2017 | 4 replies
@AlexGallardo FHA 203k Advantages: Creation of instant equity3.5.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage) When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it.
Akash Jain
My experience with USREEB - turnkey property
10 August 2019 | 35 replies
Andrew to be fair I think the buy a house with instant equity ship has sailed unless they are like you and these investor reside there have the ability to source pay cash hire their own crews etc and thereby EARN equity..
Alex Z.
Turnkey Rental Properties As A Business Model
17 November 2017 | 7 replies
But is it unrealistic to think that a new investor could buy a property from a turnkey company and have instant equity in a house?
Max P.
Intro | New Investor | DFW
15 November 2017 | 0 replies
They listed every property for 40-45k lower than the zestimate making it to be instant equity even if one doesn't get a lower price than the asking price.9 - SFH and then Multi?
Chris Jensen
How do you really feel about Zillow and Trulia?
19 December 2019 | 68 replies
Also, each brokerage and MLS chooses whether or not to syndicate to Zillow and I know many that have removed their feeds following Zillow's "instant offers" decision.
Makhwarand Khan
Questions on Collecting Rent in Massachusetts
23 April 2018 | 8 replies
It works fine, but on another unit I have the tenants pay me electronically though BOA and its instant, instead of waiting the 5 days for the Cozy payment to process.
Dave Lawrence
Financing question on MF deal
27 November 2017 | 5 replies
In this case, I'm learning he's not very eager.I'm quite confident the properties will appraise between $130-140; if I was able to get it for $120k and they appraised for $140k, I would have had instant equity, and would be able to free up $105K or so (assuming 75% LTV), which I could then use to do another cash deal that I have my eye on.
Austin Fruechting
FOOTBALL & REAL ESTATE INVESTING
22 November 2017 | 21 replies
What is right in one instant, for one team, in one set of conditions could be a completely wrong play for another team with a completely different matchup.But when it comes to real estate investing, wannabe investors often ask the equivalent of “What’s the best play?”