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5 June 2024 | 116 replies
If you're the type of person that has to ask this question, then just put your money in the market and wipe your hands and be done with it.
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4 June 2024 | 8 replies
I am interested in other types of deals but haven't seen that many opportunities.
1 June 2024 | 4 replies
I had been of the understanding that a Settlement statement is a mandatory document at closing.
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5 June 2024 | 15 replies
I’ve been doing that with a few market recently, I try to spend a week just online trying to figure out the different boundaries/different neighborhoods, what the dividing lines are, what type of housing stock is there (I only focus on post ww2 brick for instance) than figure what the yields are in these areas, and then decide if the yields are decent enough on risk adjusted basis to bother to invest.
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4 June 2024 | 0 replies
What made you interested in investing in this type of deal?
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4 June 2024 | 5 replies
Focusing on one asset type or strategy in the beginning is generally most effective than trying to learn an new strategy every year.
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3 June 2024 | 1 reply
I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.
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4 June 2024 | 0 replies
What made you interested in investing in this type of deal?
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4 June 2024 | 43 replies
All these houses are way over the median sales price in this city and I guess everyone is slowing down on prices for that type of properties in the area.
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4 June 2024 | 0 replies
What made you interested in investing in this type of deal?