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21 January 2017 | 11 replies
You could always go private money if you -really- want to go there, but if you are "new to the game", then I'd heavily advise you against brand new construction without either a construction or engineering background or if you are heavily banked.At 80-100k equity, you could turn that into 135-170k of buying power with bank financing at around 60% LTV (I'd be conservative if this was your first time going at it to make sure you will cashflow and establish that to keep working with your banks).
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4 October 2016 | 4 replies
My exit strategy play is to whole sale this property.
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3 October 2016 | 1 reply
Short sales, Reo and handy man special.
30 January 2017 | 8 replies
Their processes are drawn out and not only could you pay 30% plus it will take you 30% plus longer to complete your project based on their (both big box stores) installed sales processes.
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4 October 2016 | 6 replies
By placing a ghost ad(fake ad) for a property you have for sale on Craigslist.
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2 October 2016 | 2 replies
Mine was a flip turn key property so with these new lower sales and the quicker relocation than I was expecting I would lose 15k just on sale price plus have to take a huge credit hit and lose my VA benefits.
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10 October 2016 | 9 replies
Do not cut any corners on a prospective deal to make it look better.Always do the math analysis and try to look at the prospective property before you submit an offer or at least have a clause in the sales contract that allows you some time (about 10 days) to make a detailed inspection without having a penalty that will hurt you too much.
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9 October 2016 | 39 replies
You can check on Zillow for recent sold properties, and see the price of the previous sale in the last 10 years.
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2 October 2016 | 9 replies
Isn't this part of evaluating the comparable sales?
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12 October 2016 | 6 replies
Visit the complexes, look at units offered for sale and meet the people that live there.