Hello everyone,I am purchasing a duplex that is fully leased and the seller has decided to credit me the security deposit ($600) and rent ($1200) for the month of October at closing to be reflected on the HUD.Since there is a rule with conventional loans that states the seller can only contribute up to 2% towards buyers closing costs and pre-paids will accepting the rental and security deposit credit of $1800 from the buyer at closing be affected by this rule since I have already negotiated that the seller pay 2% towards my closing costs and pre-pre-paids?

My primary goal for the club is to grow interest in real estate in general around my campus and hopefully throughout central Iowa.Central Iowa isn't exactly bustling with investors so I hope to really be a 'go-to' figure on my campus for all things real estate and I hope my club serves to reflect any and all interest related to real estate.As for this property I have really tried hard to put together a CMA but I am having a tough time finding properties that are relevant enough to this particular property to include in the report...do you have any advice on that - what types of comps would be pertinent to go into the report?

I am a very professional individual and my mannerisms and appearance reflect that, but it doesn't seem to make a difference when it comes to being judged by my age.

It always pays to be on the conservative side anyone can spend a lot of money, but in many cases it will not reflect in the rent you will receive.

And perhaps that is reflected in the price.

Good potential tenants are willing to pay a reasonable application fee, which should reflect your cost of screening rather than be a profit center.I recommend advertising on Zillow, Trulia (now owned by Zillow and not as good as it was) and Craigslist.

If memory serves me correctly I remember the board changing their guidelines to reflect that ruling in 2013.

If he banked the majority of the cap ex over the years am I wrong in thinking the offer should reflect that regardless of cap rate?

I probably would not go in with an agreement on the first day but reflect some as you learn more about the situation.

Again, the key is to adequately reflect each investor’s percentage of ownership on the paperwork and that the expenses and income are proportionally shared by each party to the transaction. https://www.mysolo401k.net/purchasingbuying-real-e...Always a pleasure chatting with you Justin.