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9 June 2024 | 3 replies
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.
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10 June 2024 | 1 reply
This would be a basic package with available options offered to each participating home owner..
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11 June 2024 | 9 replies
You had many options to choose from and you chose us.
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11 June 2024 | 46 replies
So 22757 Charlemont Pl sold at a premium over the median price per sq ft.However, Redfin notes that "hot homes" in Woodland Hills can sell for around 4% above list price and go pending in around 15 days. 22757 Charlemont Pl sold for about 2% below its $1.9 million list price after being on the market for a bit longer at 30 days.Zillow data shows the typical home value in Woodland Hills in April 2024 was $1,257,932, up 9.6% year-over-year.
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10 June 2024 | 11 replies
If he says no, is my only option to back out and lose the earnest money deposit ($6,000) or go forward with the purchase, knowing I'll have a $3,000 - $5,000 bill or more if I decide to do this later?
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10 June 2024 | 0 replies
In addition my investor is exploring the option of getting a variance to add a parking spot in the backyard of the property.
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10 June 2024 | 20 replies
Geoffrey It will cost you about $700/unit and you will typically see a break-even point at 1 year.
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10 June 2024 | 9 replies
Realtors typically sell properties ~10% higher on average over FSBO.
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11 June 2024 | 12 replies
BRRRR definitley helps, you'll need that equity so you have options.
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10 June 2024 | 49 replies
Another option is going to be looking for off market deals, but they are going to want all cash or hard money loan, which you could do for a year and then refinance it once the property passes inspections for a long term loan.