4 August 2020 | 1 reply
Or can you go straight into buying a SFR home with no experience at 15%-25% down?
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6 August 2020 | 17 replies
A BRRRR would look something like this:Buy a duplex for $125k, 20% down ($25k)Rehab for $25kRent out each side for $1k/monthRefi based on new appraisal of $200k, 75% LTV ($150k mortgage)Repeat using the return of your initial $50k of capitalWhat you're describing sounds like a straight-ahead buy-and-hold investment.
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8 September 2020 | 6 replies
Super simple and straight to the point.
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6 August 2020 | 27 replies
Sorry, agree with Jay on existing apartments almost all the deals are with STANDARD title and no ALTA.Only way it happens, since surveyors are like $3K and EXTENDED title is more money from buyer:1) Lender requires it2) New construction and a raw lot out in the country3) Title shows an easement that buyer wants to verify4) Obvious by inspection like fence is straight save for a zig to accommodate a building.
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5 August 2020 | 5 replies
If so all that plaster and/or the walls that were removed were probably keeping the house standing up straight, and it started to lean/flop until they reinforced it.It would be too much of a project for me personally.
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6 August 2020 | 4 replies
@Evan L.is that for a cashout refi or straight refi?
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6 August 2020 | 7 replies
With a straight turnkey, no, because everything is already "improved", so there's no way to force the appreciation.
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10 August 2020 | 6 replies
They are v cookie cutter and straight and narrow on their parameters.
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5 August 2020 | 6 replies
@Sofiya Cherni Not sure about in Maryland (Russell would be the expert there), but where I'm at something like you described wouldn't be a serious enough lease violation to move straight to eviction.
7 August 2020 | 9 replies
Selling properties with some type of owner financing allows you to get a higher price and will draw many more potential buyers than a straight cash sale.