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26 February 2020 | 9 replies
My DTI etc wouldn't qualify at a bank.I want to find a way to basically have a partner supply the entire down payment, we share profits for 3 years(it would mostly go to my partner) & then I own the building and continue the mortgage payments for 27 years alone.I will have to call some lenders on Monday to see how we can do this.
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26 February 2020 | 8 replies
My local apartment association supplied me with the lease and you'd be surprised what they've had to deal with and it shows in the lease.
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24 February 2020 | 7 replies
Markets are based on supply and demand, at least as long as we live in a capitalistic society.
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2 March 2020 | 23 replies
I am on the look and supply is super low.
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24 February 2020 | 7 replies
I find the Huntsville small multifamily market to be very limited supply and generally I don't like the numbers.
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25 February 2020 | 23 replies
Do you buy your supplies for the contractor?
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25 February 2020 | 4 replies
(Ie, Vancouver, where population is growing by 5-7% a year and supply does not catch up to demand)- renting it out can take longer in a large development as you are 1 of perhaps 50 identical apartments for rent (if you’re on the southeast corner, all the floor plans on that corner is the same layout) - selling it in the future can be the same headache (see above)- some of the properties come with all the bells and whistles, such as rental guarantee, deposit incentives, free upgrades and etc, so do not be afraid to ask if you do decide to go ahead.
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7 June 2020 | 4 replies
Since the tenant is supplying all the money to pay off the mortgage, etc...that leaves ONLY the down payment as your actual cost.
20 April 2020 | 7 replies
I purchased most of the supplies independently, to avoid paying for more than labor.
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18 April 2020 | 18 replies
Prices drop when there is an over supply of inventory.