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23 February 2024 | 24 replies
Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?
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23 February 2024 | 8 replies
@Bonnie Low We have to thank our awesome Real Estate Investor we was thinking our of the box
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23 February 2024 | 13 replies
How is their occupancy levels?
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23 February 2024 | 1 reply
What are your thoughts on converting a split level's bottom floor into a separate apartment?
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23 February 2024 | 5 replies
However, if the numbers don't align with your investment goals or managing the property from a distance proves to be too challenging, wholesaling the property could be a reasonable decision.Ultimately, it's important to weigh the financial returns, your investment strategy, and your comfort level with managing properties remotely.
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23 February 2024 | 3 replies
And if it also has a low interest rate then I'd keep that ting.Use your credit and liquidity to purchase a new property.
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23 February 2024 | 5 replies
Anything under 75,000 or 50,000 you might want to consider a local small private person or friend and family as hard money wonders do not that low dollar amount.
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22 February 2024 | 7 replies
This would be nice but I would loose the property, the low interest rate, the buy in to this community and, most of all, the tie to the house.
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24 February 2024 | 2 replies
Side note: I couldn't fit this into each chart's description but I would like to say 1) Many of highest ranking counties based on rent/purchase price (1% (or 2%) rule) are false positives because there is not enough demand; these would be low population/ frontier counties.
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23 February 2024 | 4 replies
The homes we are looking at are between 75-120k and I would really like to stay in the lower range of that so we can generate a better monthly cashflow, however I am learning that most lenders will only go as low as 75k (which would actually be a 100k deal with 20% down).