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26 March 2024 | 22 replies
The student loan payments are no issues as long as you have the DTI ratio to qualify with them.
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24 March 2024 | 6 replies
I like to point out issues to save you time and money.
22 March 2024 | 6 replies
I manage 8-12 unit buildings in Logan Square, Albany Parka and Irving Park, and we have had issues with porches even at that small sample size.
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23 March 2024 | 10 replies
That's major in this higher interest rate environment.
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24 March 2024 | 19 replies
And in the end didn't make me money and the loans I had on them actually prevented me from getting additional loans on other better deals.Anyway, here are the specifics:1) purchased 7/1997 @ $80k, $500 down payment, cashflow appx $150/mth as long as there were no major repairs or maintenance items, great % returns but very little $ returns.Sold 5/2016 @$67k, after about $7k rehabwas about $250/mth cash flow at time of saleOh, and it took many months to sell, therefore costing me additional holding costs with no cash flow2) purchased 9/1998 @ $71k, Similar and same area as #1 - $500 down payment, cashflow appx $150/mth Sold 4/2016 @$72k,after about $9k rehabwas about $250/mth cash flow at time of saleand also took many months to sellFor fun, I just looked up their zillow as of today and 1 recently resold for $85kNow, today, there are a lot more resources to easily research market areas, etc, so I now do more research to find markets with more demand and growth potential.
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22 March 2024 | 5 replies
However, in the short term here are the issues I see:Some buyers will try to save money by going to the listing agent.
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21 March 2024 | 1 reply
I've had broken windows, paint, and plumbing items flagged for repair but never stairs; although I have seen some really poorly constructed staircases and it's not terribly surprising to me that something like that could get flagged.Ultimately It's negotiable with the seller, although you should come to terms with the fact that you're an FHA buyer, and the seller would not have this issue with a conventional buyer; it entirely depends on your circumstances whether this is actually something the seller should pay for or not.
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23 March 2024 | 10 replies
I have find the majority of the time the MICs will be accessed through brokers, who charge an additional broker fee.
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22 March 2024 | 22 replies
The issue was eventually fixed but many landlords lost thousands of dollars.
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23 March 2024 | 15 replies
I have been a real estate investor for about 20 years and I opened my real estate brokerage 5+ years ago, I have found that the far majority of agents don't even understand the standard contracts.