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24 October 2024 | 6 replies
Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.
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8 October 2024 | 1 reply
I just watched an advertisement online for an upcoming free webinar.
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12 October 2024 | 2 replies
We put a new roof on the house and fixed up the inside.
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23 October 2024 | 4 replies
I am on one loan and title, he is on the other.
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24 October 2024 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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25 October 2024 | 2 replies
House 1: 2000 square feet, 4 bed 2 bath.House 2: 2000 square feet 2 bed 2 bath mother inlaw suite.House 3: 2000 square feet 3 bed 2 bath mobile home on a 1.6-acre lot.Location is Royse City TX 75189I am not able to set a correct monthly rent for this property, need advice from experts.
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23 October 2024 | 19 replies
Whoever is the owner claims the property on taxes.
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25 October 2024 | 13 replies
Some lenders may allow up to 85% financing on a multi-family purchase.
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24 October 2024 | 2 replies
Short term rentals in the past on lakes in this area have done very well, but things have changed post covid, interest rates rising etc.
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9 October 2024 | 8 replies
Coming up short on 20% capital.