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16 September 2015 | 4 replies
In my experience, I would say that only about half the people get owners title insurance.
16 September 2015 | 0 replies
Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS: Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver... :-)Note: Property is currently in a Life Estate Rev.
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17 September 2015 | 8 replies
These double wide mobile homes with half a lot are being sold around $40k in this area.
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16 September 2015 | 1 reply
In my opinion I have found a tremendous benefit to working with someone else (as long as they are involved and being productive)1) having a partner gives you someone to bounce ideas off2) To me it's more motivating (ex, let's see who gets in front of more people this week)3) They can help finance your growth with you.As long as you and your partner are motivated and skilled enough to succeed, you will do more than twice the amount of business that you would do alone, and make half of that.Hope this answers your question.
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16 September 2015 | 0 replies
Hello All,Here is what I am looking for...SFR 3/2, I live in Wylie but I am willing to go 30-60 miles for the right property.
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18 September 2015 | 24 replies
Thank you @Renea Steward if am able to take in even half of what is on this site I will be in good shape!
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19 September 2015 | 5 replies
And I would like to think everyone on here, I've learned more in the last month and a half and I have an last 16 years.
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2 October 2015 | 9 replies
http://www.biggerpockets.com/renewsblog/2015/10/01/bp-podcast-142-22-and-a-half-actionable-tips-beginner-real-estate-investors-with-josh-brandon/Best wishes as you get started!
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2 October 2015 | 6 replies
My hopes are to purchase my first triplex apartment building within the next two and a half years through an owner’s occupancy mortgage allowing me to put 3.5% down and live in the building while I renovate each apartment.
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9 February 2018 | 5 replies
Can live in half, rent the other half.