I could probably buy 3 properties in NC where I'm originally from for the same cost as 1 home here!

California Legislative AlertOn January 11, 2018, the California Legislature will vote in Committee to repeal the Costa-Hawkins Act.

When I talked to Wells about 6 months ago about a LOC for an LLC she said it would cost a point of the limit.Credit union would do with no appraisal or fees.

as i buy cash flow positive properties all the time in Contra Costa County, California.

I requested 4x as much of cost as a nonrefundable portion of the EM and two days later we signed a contract for full asking price!

If that happens, it's going to cost a whole lot more then the $200 she's saving on the install!

Some of your biggest challenges here would be... 1) Unless there is equity the bank(s) could not approve a short sale and take it to foreclosure 2) The tenant could reck the place and run up the minimal rehab costs you mentioned when you serve him/her with a 60 day notice 3) HOA lawsuit could take a while and cost a bundle attorneys don't come cheap I suspect you must be purchasing properties like these for pennies on the dollar and that some of these deals never play out but the ones that do more than pay for the losers?

I'm sure many people on the forum have run into similar situations, is this a standard clause or am I potentially getting hosed here.The property does need some work and that is a key factor (it is being purchased at a significant discount and is not producing income) and the fact that my partner is a contractor already is a huge benefit (renovations done nearly at cost). As

There appears to be some foundation issues, so I'm thinking that may cost a lot and kill the deal.

The title report has no mention and I would think this might be a big encomberance.You need to find the plat which will probably cost a fee for you to get a copy.