Steve Wilcox
Buyers Bank Demanding my HUD1
14 January 2013 | 52 replies
The additional documentation they are asking the OP for is not about the appraisals or current FMV but rather the property sale history.
Mike B.
Review my up-front cash needs please...
28 March 2013 | 5 replies
FHA will finance flips that have been held fewer than 90 days, but you'll face additional scrutiny as the seller.Also, the OP should keep in mind that getting a conventional loan will be very difficult on a rehab project, as underwriters will want to see that the the property is basically move-in-ready before they underwrite the loan.
Aaron Abdis
Rental house with no maintenance?
18 September 2015 | 20 replies
I think the OP makes no sense.
Arcinio Arauz
Another Probate Question
4 May 2013 | 13 replies
And why we need more participants.There are SO many plays in the OP's deal I can barely contain myself.
David Espinoza
What should be the focus Credit card debt or buying the first house?
19 July 2013 | 10 replies
Meanwhile, your building equity and learning from experience about buying, landlording, and budgeting maintenance and repair costs, etc.Your profile and the OP say your interested in flipping, but it also says you haven't read much yet.
Kyle Clark
Closing Without Escrow
16 January 2021 | 8 replies
The OP queried the practicality of buying without escrow or title and I'm only offering an argument favoring the practice in rare instances.
Justin B.
Buy note, foreclose on the property, rent/flip?
19 August 2019 | 9 replies
As others have stated, but I think needs to be repeated for the OP -- just because you foreclose doesn't mean you'll end up with title to the property.
Bill W.
Potential duplex in hot area of Austin
2 February 2014 | 13 replies
rough estimates for expenses would be as follows Taxes = $185Sewer/Water = $0Trash = $0Heat/Utilities = $0HOA = $0Capex/Ops = will need to do researchIns = $90-100Management = $115Vacancy = $115
Jimmy Park
4-Plex
27 October 2014 | 9 replies
Your insurance and taxes are killing any shot at being a good deal.Mortgage Rate 5.50%Length of Mortgage in years 30Monthly Mortgage payment $1,703.37 Taxes $766.67Sewer and Water $150.00Trash $100.00Heat/Utilities $100.00HOA $-Cap Ex and Ops $150.00Insurance $416.67Mgmt Fee $390.00Vacancy $312.00Total Expenses $4,088.70
Pyrrha Rivers
Analysis help, please.
22 April 2014 | 39 replies
Not worth the money in my book.Mortgage Rate 3.75%Length of Mortgage in years 30Monthly Mortgage payment $170.89 (this is $36,900 @3.75% over 30 years, I'm not sure how you are calculating the $231/month number)Taxes $111.00Sewer and Water $-Trash $-Heat/Utilities $-HELOC Fee $6.25Cap Ex and Ops $150.00 (this is my minimum per roof)Insurance $50.00 (this I don't actually know, how much would this be?)