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21 August 2015 | 11 replies
One caution is a property that size will have a limited market since it won't be able to get residential financing.The quadraplexes look to me like a pure appreciation/speculation play - I wouldn't want to be highly leveraged on those.
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12 August 2015 | 2 replies
The rate is 1% for the first 200K in value, 2% on amounts in excess of 200K.If the property is non-residential or mixed use, you will pay the federal Goods and Services Tax (GST) on that portion of the property's value which is is not residential.
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12 August 2015 | 4 replies
Depending on your market the tenant could also be responsible for a portion of the buildings expenses ie taxes.
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8 August 2016 | 7 replies
Yet, i wouldn't be opposed to spending a portion of this on the down payment and using the rest on repairs.
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8 January 2017 | 45 replies
I have worked on deals this size and truly they are all that big.
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19 August 2015 | 12 replies
I have a friend who owns a fair sized bungalow on 45th.
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26 August 2015 | 4 replies
Real estate has always been a passion of mine, and I'm ready to embark on the execution portion of my venture.
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12 August 2015 | 1 reply
I am very new as well but as I understand it the profit requirement is what ever amount you decide you want to receive for your portion of the wholesale.
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12 August 2015 | 4 replies
Some cities do place limits on size of buildings as well as number of units you can have per acre.
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11 March 2016 | 7 replies
I'm just wondering now if I send a second higher offer with a copy of escrow showing cash founds but the thing that bothers me is the bank has made no effort to reach out to me regarding anything, no counter offer no phone call asking for me to show cash founds to them regarding the 30% cash down payment, I'm not sure I never submitted an offer on an reo before but I inluded printouts of 3 recent sold properties in somewhat the same size range to show somewhat of market value all within the same neighborhood, and offered the price of most recent sold which was the highest price and of course bank get full amount as there is no realtor fee!