25 March 2009 | 4 replies
There is a sticky thread about it.For lower priced houses, I also use the 2% Rule, which just says that the gross monthly rent needs to be about 2% (or more) of the acquisition cost (purchase price + rehab) if they are going to cash flow properly.
20 March 2009 | 4 replies
The builder has lowered the price to 675k plus 50k in help to the buyer.
1 April 2009 | 8 replies
If they counter at full price or just a bit lower, then you know that they are not interested in taking a huge loss at that time.
22 March 2009 | 1 reply
Compare that will 50X the rent, and offer something well under the lower of those two.
23 March 2009 | 0 replies
s Lower Mainland have joined the flood of callers to a U.S. consumer group investigating Chinese drywall that has allegedly begun to sicken North Americans.Thomas Martin, president of America's Watchdog, says that in the past two weeks about a dozen Lower Mainland callers have all reported experiencing the same nose bleeds, breathing problems and allergy-type symptoms that have affectedhomeowners across the U.S.Continued exposure could result in severe health problems, the group says."
25 March 2009 | 8 replies
They usually have lower cost real estate and the "bad" neighborhoods are usually a cake walk compared to the major city.Bad neighborhood is relative to a specific area though and a lot of stereotyping.
27 March 2009 | 4 replies
If I have an agreed price with the bank and say I need to throw a large repair credit in there after, should I just revise the hud with a credit back or will the bank at some point ask me to get a new purchase and sale for a lower price?
2 April 2009 | 8 replies
But again, rent, amenities, location, new paint, etc. go further than the efficiency of their gas pak.Don't get me wrong, I routinely install thermal windows or storms and blow in attic insulation, but that's more to KEEP good tenants once I find them (with lower utility bills they're more likely to pay me).But that's just my $0.02.Let us know how your own Green Experiment works in the actual field.
29 March 2009 | 5 replies
A backyard investor will buy properties close to where they live and based on the 50% rule, with some in lower income neighborhood.
6 April 2009 | 7 replies
I don't see it going any lower or higher.