Seems like raw land is very affordable in the area

If he were really a good handyman, he would afford market rate and he would charge for his work like a professional.

1) Create a new term sheet that splits up the equity between yourself and your partner in accordance with their percentage of ownership. 2) Decide who will get what type of financing - if one person wants fixed rate financing while another prefers adjustable-rate financing, it's best not to mix them together because they have different risks associated with them; 3) If there are multiple investors, make sure everyone has an updated agreement reflecting the changes in ownership percentages; 4 ) Have a conversation with the person who is going to be taking over the loan and make sure they understand what type of loan they can afford to take on.

For my part, my business partner and I provide affordable section 8 housing to families on the south side.When I think about bad things we have done, this is the only incident that comes to mind.We checked out a property to purchase.

-Can I afford the rent on both properties?

What a great alternative for affordable housing .

It’s going to see growth and included in that is “affordable housing”.

It might be tough in your environment just because rents are so high, so maybe look in a community just outside of where you currently are to try to find something a little more affordable.

I’m consistence and diligent, spending 30 minutes looking for deals on MLS that I can afford to pay cash.

I am worried that after the offer gets accepted, the appraisal value might come in significantly lower than the contract price.I understand that discrepancies happen, and I’m not concerned about a small gap (10-20k), however, if the appraised value would come in significantly lower (50-100k, or more), then I would simply not be able to afford this property (given my then lower down payment, and worse mortgage interest rates).I am wondering if anyone has any experience with what happens in such cases?