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6 November 2017 | 3 replies
All three of the units are rented out for a total of $2700 a month coming in.
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8 November 2017 | 3 replies
PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?
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7 November 2017 | 4 replies
I was searching for reasons to fund this mortgage rather than reasons not to fund it which is totally backwards.
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8 November 2017 | 8 replies
------------Her name is xxxx, she has a 529 credit score with 25 total accounts, 19 are open and 5 are negative.
8 November 2017 | 3 replies
I look at my county’s land records which gives a total value (land+improvements).
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11 June 2018 | 9 replies
It teaches you how to generate your own leads online though - not rely on 3rd parties.
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10 August 2019 | 35 replies
Other issues like a broken window or leaking skylight are not big items, however, I did not expect to see this in a 'total rehab' property, 'ready' for the tenant.
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14 November 2017 | 5 replies
I still have the home inspection and the sum total of my estimating knowledge is bro science and I’m reading J.
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14 November 2017 | 5 replies
All AVMs (Automated Valuation Models) are programs that rely on the data you see on paper; age, sf, location, etc.
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14 November 2017 | 0 replies
http://www.har.com/content/newsroom/Houston Real Estate Highlights in October Single-family home sales continued their post-Hurricane Harvey rebound as volume rose 7.5 percent year-over-year with 6,381 units sold;Single-family home sales remain 2.8 percent ahead of 2016’s year-to-date volume;Total property sales increased 6.6 percent with 7,614 units sold;Total dollar jumped 10.8 percent to $2.1 billion;The single-family home median price rose 3.9 percent to $226,491, which represents an October high;The single-family home average price increased 2.7 percent to $285,858, also the highest level for an October;Single-family homes months of inventory grew year-over-year to a 3.9-months supply, but is down from a 4.3-months pre-Harvey peak – the result of a surge in consumer demand for housing;Townhome/condominium sales rose 5.8 percent, with the average price down 1.1 percent to $195,393 and the median price down 3.1 percent to $153,000;Leases of single-family homes rose 13.6 percent with the average rent up 2.8 percent to $1,776;Volume of townhome/condominium leases jumped 34.8 percent with average rent up 2.9 percent to $1,533.HAR still encourages anyone who has housing available for temporary occupancy (up to 12 weeks) to please post it on our Harvey Temporary Housing page at www.har.com/temporaryhousing to provide housing to those in need.