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6 May 2013 | 7 replies
Content almost always trump design. .....unless you're prone to slathering those animated "under construction" icons all over the place - in which case I'd tell you to step away from the keyboard and hire a pro.Spend a year just updating a plain old basic wordpress site with content and you'll gain a much greater understanding.A picture or three of the house, descriptive info, price and make sure you circle back and mark it as sold so people will stop hassling you about it but definitely don't delete it.You can set up a blogger account for free - there's a lot less to manage for a beginner...and when you're ready to upgrade to WP - http://www.wpbeginner.com/wp-tutorials/how-to-switch-from-blogger-to-wordpress-without-losing-google-rankings/
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1 April 2012 | 4 replies
You have no history or track record of stable income with the property.You have to pay special attention to the leases and if anything is bad on them or need clarifying have the tenants sign an amendment to the leases before closing.You would do better to have say a 90 day option period and then if the property doesn't work out just hand it back or if it goes as planned then proceed to closing.You are putting a bunch of money down and the income doesn't have a stable history yet plus it is surrounded by SFR houses and it seems overpriced.Lot of negatives on the face of it.You can get a list of all the repairs and upgrades during due diligence.
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13 October 2016 | 25 replies
Apparently you need to show that you are upgrading if obtaining FHA to get a second mortgage and the only way to prove that is by the new mortgage having a higher value (more debt) than the one you already have.
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4 May 2012 | 23 replies
It looks like it needs some upgrades, but it will probably sell for the list price of $75k.
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10 April 2012 | 14 replies
The bank/lender could rewrite the mortgage loan to share in future appreciation but such an arrangement would lessen the incentives for the owner-inhabitant from making necessary upgrades and maintenance as the owner would only benefit from part of the appreciation from those actions.
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24 April 2012 | 13 replies
Small gift for the end of year holidays IE: $25 gift cardBirthday card and or other holiday cards.Small upgrades as a reward for consistent on time payment
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18 April 2012 | 27 replies
J Scott If staging is making your buyers upgrade, then of course it's totally worth it.
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20 April 2012 | 15 replies
It would be an investment (mostly for the future if and when we sell to upgrade).
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22 August 2015 | 49 replies
I purchased it at the beginning of August 2011.If you're making only $50/month now when it's relatively new to your portfolio, you're likely going to be losing a lot of money later.Remember, every 20 years or so you're going to have to replace the roof, the HVAC system, a couple water heaters, siding repair, electrical/plumbing upgrades, etc.