29 March 2024 | 9 replies
We are all human and make mistakes.Yes, you will have the same issues when you go to sell it.Good Investing...
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28 March 2024 | 10 replies
I would try Buchanan Law, they are awesome.
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29 March 2024 | 31 replies
That's a nonconforming property, where you have fewer lenders that will bite on it so you are limited there but let's assume that's not an issue.
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29 March 2024 | 12 replies
If you discover foundation or structural issues these can also be expensive.I would not use a per square foot figure like, $50.00 or $75.00 per square multiplied by the number of sq. feet.
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29 March 2024 | 6 replies
If you sell now its a 15-25k loss unless you do FSBO, then the loss is smaller.If you don't sell you may be negative around 4-6k each year depending on the capex timeline/maintenance issues.
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29 March 2024 | 12 replies
My in laws lost their entire retirement savings because their underwriting was too aggressive and they bought several properties most of which ended up with negative cash flow.I am not against refinancing or using a HELOC to buy a property, but The market right now is a property will give you close to zero cash flow (80% down) then you’ll need to come up with another $750 a month to pay down the HELOC and come up with probably another 5-10k in reserves in case the furnace breaks or tenants trash your house or… Without knowing your financially situation, You are probably better off getting a second job for a year or two to save up for a downpayment then using a Heloc.
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28 March 2024 | 9 replies
The tenant from the unit with the leak supposedly moved out because the leak issue was not being fixed.
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28 March 2024 | 8 replies
Ideally one with insurance to cover any issues. 2.
28 March 2024 | 4 replies
By law I have to disclose that I'm a licensed sales agent in Virginia, but there's no commitment.