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1 June 2022 | 3 replies
I’m looking to buy a 2 family in Schenectady NY that is in fair condition, 203k it to good condition, and owner occupy it while renting the bottom floor for a year or two then hold onto it and rent both units.This area is historically not the nicest (in fact there are some ghetto areas) but a lot of money is being put back in throughout the area and his has brought serious investors back.
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11 April 2018 | 6 replies
I cannot finance a project like this by myself but am curious if anyone could lend a hand with connections or insight on what would be fair terms.I owe $350k on my home and am in the process of applying for my HELOC that I am thinking I can get about $200k out (if it is needed).
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9 April 2018 | 1 reply
They are managed a bit differently as a result.Small multi-family and single family are fairly similar in how they are managed.
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9 April 2018 | 2 replies
I have a security deposit to cover this but wanted to check to see if anyone knows an efficient and fair contractor to hire for a crank window repair services.
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18 April 2018 | 17 replies
The courses and exams are fairly easy, with the exception of Exam #3 - spend a bit of extra time studying for that one.As for being self-employed, that's a challenge many of us face.
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10 April 2018 | 5 replies
Did you mention the advantage of investment real estate: in a few short years it can fund your retirement for life, it's fairly low risk, and tried and true to work?
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10 April 2018 | 6 replies
Does anyone know what a fair commission rate for a wholesaler bringing a buyer in to purchase a contract?
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14 November 2020 | 8 replies
Cap rates have some flaws, but they are one of the good measurements of real estate return.It is fair to include closings costs into the purchase price, to determine your cap rate.
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9 April 2018 | 0 replies
Build a buffer of time and repair cost accounting.Additional infoWHOLESALINGlistingbook.com or equivalent serviceupdates via email bank owned properties, price changes within range, new lists at/below $50,000 (not worth $50k)Send realtor offers with number/house address… they send to banks.. maybe 1/10 accept an offerRealtor gets a contract for youYou go check out the property to ensure nothing is crazyYou may be prompted to put down a deposit about $1,000 (don’t have to)Check that the title is clearPlace the house back on the market “handyman special”, cheap, cash, phone, email) at least $10,000 more than your offer.. eventually you may build a ‘buyer’s list’Get the new buyer to sign the contract with the realtorTAX DELINQUENT PROPERTIESLocal assessor - contact for people with delinquent property tax records —> excel listSort excel for names, addresses, amount of taxes, taxes that are 2 years old (and older)Contact the owner via letter ‘im oliver, I see that your property is behind on taxes…’“Dear Mr.