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23 May 2017 | 65 replies
Not sure if you want to drive more people to the Escondido market, but just the chance to network and meet folks would be valuable enough ... anything you can share about the property would be gravy.If I decide I can hold the Meetup it would include purchase price ($390K for duplex which appraisal put at $20K below market at purchase), rents as purchased (far below ARV market rent but the units were old and would be tough to rent in their condition), market rents at purchase (ARV rent at purchase) and now (now: ~$1750 each = $3,500), rehab expectations on return (I only expect significant positive return on rehab if the units are in desperate need of rehab and these where as one tenant was there 23 years when he moved out and was a heavy smoker), projected cash flow (not super on these units in part because it has an apartment feel), rationale on purchase (for this particular property the garage played a role in the decision to purchase), current market value (~$540K - Zillow has it at $551K).
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17 January 2023 | 0 replies
Your credit score: Your credit score will play a significant role in determining the mortgage interest rate you qualify for, so it’s important to check your credit report and address any errors or issues well before you start the homebuying process.How much you can afford: Make sure you consider all of your expenses, including the down payment, closing costs, and ongoing mortgage payments, when determining how much house you can afford.Saving for a down payment: Many lenders require a down payment of at least 3% to 20% of the purchase price, so you’ll need to have enough money saved up for a down payment.Saving for closing costs: In addition to the down payment, you’ll also need to pay closing costs, which can include things like appraisal fees, title insurance, and attorney’s fees.Location: Consider the location and the neighborhood you’re buying in. and what you want in proximity like schools, parks, transportation and your workplace.Research different types of mortgages: There are many different types of mortgages available, including fixed-rate mortgages, adjustable-rate mortgages, and FHA loans.
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13 January 2023 | 13 replies
That will play a crucial role on who the best propety manager would be.
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16 January 2023 | 5 replies
Quote from @Dominic Holt: This is great advice and appreciate your input!
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9 January 2017 | 2 replies
Thanks,Dominic
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29 April 2021 | 13 replies
I am hoping to do mine for about the same.
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28 June 2015 | 12 replies
VERY VERY important stuff.Bank of America has absorbed billions of dollars worth of Countrywide's securitized debt during the acquisition process and they have played the role of he servicer on these debts.
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18 January 2023 | 7 replies
You shouldn't have an issue with 4 years of experience as an RN and transitioning into your new role as a travel nurse if your income is increasing.
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15 July 2022 | 94 replies
We are well on way into a REI industry where entry is difficult, expensive, exceptionally detailed, where small variations of #'s or %'s can mean success or failure, where a person with limited means is not afforded a seat at the table, and the industry is dominated by highly professional, well funded, organized operators, or in simplest form, a normal investing market.
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30 June 2020 | 2 replies
Yeah listening to the news story this morning, it sounds like Airbnb is going to be taking a more active role, in Hawaii at least, and will start to require parcel IDs to be verified prior new listings being approved on the site.