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3 July 2024 | 1 reply
Purchase price: $290,000 Cash invested: $20,000 Sale price: $420,000 4 Bed 4 Bath Townhouse that I bought at beginning of covid for $290,000.
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2 July 2024 | 0 replies
Does anyone have any title companies that are investor friendly when it comes to these kinds of deals?
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8 July 2024 | 7 replies
What I mean by that is for instance in a place like Newport Beach California where houses cost millions to buy there may be apartments available for 2000 a month, which is way less than the per square foot of a purchase.
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7 July 2024 | 9 replies
@Eli KingThe seller would need to contact the servicer of their loan and confirm it’s assumable.You would then need to qualify with that servicer plus have the funds to cover the difference between what remains on the loan and the purchase price for the home.
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8 July 2024 | 0 replies
Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.
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3 July 2024 | 1 reply
Purchase price: $355,000 Cash invested: $20,000 Sale price: $500,000 I purchased a 2 bedroom 2 bathroom condo 1488 sq ft. located in Chino Ca.
7 July 2024 | 3 replies
working on purchasing a 8plex now in nd, Cyndi
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2 July 2024 | 3 replies
We see this over & over, again & again - someone posts they need help finding a property and suddenly, every agent out there is "Investor-friendly".Funny thing is, RARELY do you see an agent sharing what qualifies their claim.In our experience, +95% of agents only know how to deal with owner-occupied transactions.
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7 July 2024 | 1 reply
In other words, sufficient capital for the cash purchase of a property (plus rehab) and eventually refinancing the completed project to a long term loan.
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3 July 2024 | 4 replies
However city is imposing a good amount ofimpact fees based on the bedroom count - which accounts to close to $40 k , which i cannot afford- Ibought the house for myself to reside and cannot afford to pay this.We verified with city prior to buying and theyconfirmed it is residential zoned , however never mentioned about any impactfees.It is residential zone - MLS shows it as 3 bedroom 2baths - it had a extra unit in the back and also a inbuilt rolling bed on 1st floor for the main I am stuck here- they are asking to prove it was usedas a residential -ever - any guidance would be appreciated on this.