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27 January 2010 | 57 replies
The only way to get rich in real estate is to develop certain habits.
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16 December 2009 | 11 replies
I am about to go to P&S on a sngle family home that is foreclosed and the house is not habitable.
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23 December 2010 | 9 replies
Unfortunately, at first glance when I looked at a hard money lender's terms, at 1 year interest-only at 12.5% APR, the payments would be $2604 per month.Please tell me if I'm doing it wrong ((250,000 * 0.125) / 12)).I would assume that the after-repairs value would be right around the median price for the neighborhood ($520k), but my intention is to live in it once it's habitable and then rent it out if I have to be an owner-occupant to get better terms on a deal I find in a year or two.I'm going to have a professional handyman friend of mine go back with me to take a look and get a rough idea of the cost and timeframe to do the repairs.So my question is this - How can I go about financing $250,000 for a fairly short period of time, during the repairs, and defer the payments or amortize the total amount to be paid over a longer time period?
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26 August 2008 | 7 replies
A lot of builders count on apartment owners not keeping tabs on the left over materials between units.If you are also managing the project, get the in the habit early of walking the site with the contractor's project manager every working day.
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5 May 2015 | 7 replies
I said if their maintenance person could not PERMANENTLY fix the problem, the next time they either needed to hire a real company or I would be putting my rent in escrow until they provided me a habitable place to live.
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24 May 2015 | 8 replies
There is nothing wrong with low income residents, just that it tends to come with different payment habits.
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20 May 2015 | 4 replies
I eliminate the penny chasers from my world as soon asthenosphere habit is revealed.
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22 June 2015 | 14 replies
If there are code violations and the home is not habitable it is the responsibility of the landlord (whatever state it is) to provide a habitable spaceIn regards to damage, did you have renters insurance ?
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14 October 2019 | 15 replies
I have a bad habit of fixing up properties if I have money.