31 July 2019 | 1 reply
It is very basic.. and I am looking to change the interior to make it look modern.
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28 May 2018 | 1 reply
Then, set up alerts for some basic keywords "Handyman", "TLC", "Needs Work" etc, and start evaluating deals.
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28 May 2018 | 0 replies
I also asked if there were any special assessments on the horizon as those can make or break a deal and I'm still waiting to hear back.
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29 May 2018 | 10 replies
Since you live in Milpitas, with regards to your Prop 13 tax basis, if you are 55 years of age or older, check with the Santa Clara County Tax Assessor.https://www.sccassessor.org/index.php/forms-and-publications/forms/60-ah-transfer-your-assessed-value-prop-60-90When I sold my long-time San Jose home three years ago, I considered my tax basis transfer options if I remained in California, but decided to retire to a state with a lower cost of living and no state income tax.
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3 June 2018 | 3 replies
Include tax returns and statements for any accounts you list as assets.If this is your only property then your basically showing your personal net worth and salary/income.For the specific property prepare a pro-forma income statement showing proposed new debt service for the property.Once you have the package ready just start calling small banks and credit unions in your local area and asking to speak to a commercial lender.
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30 May 2018 | 6 replies
I've never heard of the town and know nothing about it (besides what I can find on Wikipedia and a basic google search), but the property looks promising (it's a mixed use building with 7 small residential units and three store fronts) and the numbers seem to add up when using the BP calculator, even being very conservative.
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29 May 2018 | 1 reply
Also as for basic financing questions FHA, VA, conventional and creative financing, I would be able to share my experience as a former realtor assisting buyers with these loans as well as having used them myself in the purchase of my own homes.As far as personal purchase experience, this is my fourth home.
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30 May 2018 | 6 replies
I know you can typically do it still in unincorporated county areas across the state but at least up North it is basically shut down.I would love to open one in West or South Fort Worth where there is open land and economic levels aren't high.
28 May 2018 | 0 replies
My wife and I are looking to buy a home next year and ideally would like to find a lease with an option to buyWe spoke to an agent and he said they could approve us as soon as we have two years of taxes for our cleaning company and we’re halfway through our second year now so we’d like to rent the house we finance basically is that something you guys would find realistic?
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1 August 2019 | 16 replies
From my assessment, they really do not have domain expertise- i.e. they don't know what it's like to manage STR's so the software reflects it.