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19 September 2018 | 6 replies
@Jeff CopelandYes, both properties sit on the same parcel.At the current condition the duplex is in, I dont think it would refinance for the amount needed to purchase it.
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23 September 2018 | 11 replies
A little of both - as a seller awhile back my broker didn't present the TDS form until later in sale (some things going on in Brokers personal life at time to excuse it - but I had no idea of the form or my responsibility there) exposing me to additional risk.
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19 September 2018 | 3 replies
Below are the details:- Single family home, 3 bedroom 2 bath- 1464 square feet- $310,000 asking price- built in 2003- 20% down with an est. mortgage of $1,347The home is in great conditions and won't need any major repairs.
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29 September 2018 | 17 replies
I don't know that I want to invite that type of karma into my life.
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2 October 2018 | 94 replies
Under those conditions we waived inspection contingencies on the offer.
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1 October 2018 | 10 replies
The classification of multifamily properties is not set in stone.Some people look at it by Construction Year exclusively, and others weigh in the Property Conditions, Ammenities, etc.Here is a very general classification by construction year:Class A: 0-15 years oldClass B: 16-29 years oldClass C: 30+ years oldClass D: 30+ years old in high crime areas.To answer your specific question about section8 being a Class B or A, I’d say it is not likely.
19 September 2018 | 1 reply
Especially if it's in good condition and priced competitively (which it sounds like it is).
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29 September 2018 | 3 replies
Also, if you are buying older, non-renovated multies you'll want to thoroughly assess things like current condition and needed work (since such a large % of inventory here is from early 1900s etc).
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12 September 2020 | 5 replies
The fourplex that I am looking at does not have electrical conditioning system, but instead evaporative coolers on all 4 units.I have not experience with this cooling system.Is it possible to bring the temperature below 80F when the outside is above 110F?
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24 September 2018 | 2 replies
The place looks like decent condition, except for an old carport and crumbling balcony.