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20 May 2024 | 3 replies
All of them would have an interest in seller financing if the terms are right.
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20 May 2024 | 20 replies
Hi @Somesh MukherjeeFellow lender here - Not sure where you are in the process but as Matthew said - location is top priority, not just in terms of the tenant pool but depending on the loan program you're seeking (say DSCR), the comps in the area can also impact your appraisal and what rate and term you'll qualify for.
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23 May 2024 | 52 replies
inspections can be uber frustrating in older homes..I know when we build new construction buyers have inspections and there is always a laundry list.its their job.you can refuse and move on.. its not common by the time the folks go into contract and spend money on inpsections and apprsials and such they usually will move forward if you address major issues.you can always put in your counter offer you will only address major issues any thing that is only for the benefit of long term ware and tear your not dealing with.. kind of set expectations up front.
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20 May 2024 | 10 replies
The Agreement also states that he will be subject to the terms and conditions of the Lease Exhibit A while living in the home.I have two concerns: 1) in this type of arrangement, would I be able to evict him if he defaulted on the payments?
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20 May 2024 | 1 reply
B) The pros and cons of having two properties instead of one (especially in terms of liquidity).
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20 May 2024 | 7 replies
I calculated a $4800 monthly payment on a 15 year term after 10% down.
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19 May 2024 | 2 replies
To maximize its potential, I utilized the property as a short-term rental on Airbnb.
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20 May 2024 | 2 replies
You seem pumped up to do this, but do it first at a local meetup (in terms of connecting with people) or else you are just going to get a bunch of people trying to sell you services or on how good they are.
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18 May 2024 | 15 replies
A downside you should consider is that this guy has no coverage if he gets hurt or sick, and that's a big risk to you both.
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20 May 2024 | 5 replies
I don’t plan on living in Philadelphia long-term but probably will for at least the next year.