23 July 2024 | 3 replies
Hello all, my wife and I purchased a property with a FHA 203K loan.
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22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.
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23 July 2024 | 12 replies
The newbies who want to purchase snake oil find that on other platforms.
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23 July 2024 | 3 replies
Hello,I am considering purchasing a 2 family brownstone in Bed-Stuy.
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22 July 2024 | 2 replies
I work with a property developer, builder, and manager and we're looking to purchase GP interests in both states.
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24 July 2024 | 8 replies
I am assuming your purchase price is in the 50-75k range.1.
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22 July 2024 | 17 replies
Do you have a property in mind that you would like to purchase ?
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22 July 2024 | 19 replies
In my tests, at least, a service contract like a listing would automatically end, but a purchase contract should be honored by the estate unless the court decides it shouldn’t.
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22 July 2024 | 3 replies
Purchase price: $150,000 Cash invested: $20,000 This property was purchased with a 0% downpayment VA laon.
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23 July 2024 | 11 replies
You'll need to provide more info on the current financials of the asset you are hoping to buy to substantiate the loan amount and purchase price.