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Results (10,000+)
George P. how much rehab if you are going to rent it?
15 January 2012 | 24 replies
this is a continuation of my previous thread about the deal i am working on. want your opinions, please.details:asking price - 80kaccepted - 63k75% LTVcash to the table - ~$18krent(good condition) - 1,150-1,250to get it to that condition, we are talking about 17-20k(max). mostly outdoor stuff like roof, windows, trim, gutters,insulation.
Michael S. First Deal: How to Proceed
5 August 2011 | 11 replies
If not, partner up with someone who is and pass the lead for a referral, or split the profit for some teaching.Her options here are limited, because it looks like she wont be able to sell either one without bringing money to the table.
Richard Sanford usage of other peoples money and not yours
5 August 2011 | 5 replies
If you make an offer to a seller, you should be able to back that offer at the closing table or be honest about your ability and your intentions with your seller.
Ed L. How to find the "Real Deals"
16 August 2011 | 20 replies
As a agent/investor I've come across of few of these on the buying side and believe me these agents are barraged with paperwork (Equator is a nightmare to deal with from the listing side because the banks can take constantly ask the agent and the home seller 10x for the same info) and they don't get much commission per house (we'll make it up in volume) so you really need to bring something to the table to be able to get their attention.
Matt Blutowski Views on First Deal Please
9 August 2011 | 17 replies
As for the 3.5% down, can you bring more cash to the table to bring down you're monthly payment even further.
Laura Rose subject to loan or new financing?
14 August 2011 | 12 replies
If you buy buy it, subject to the existing loan, with little money out of pocket, and then it appraises high enough in three years to refi without bring cash to the table, you've just bought an apartment building with much less than the typical 30% (plus costs) down payment.
George P. inheriting tenants
13 August 2011 | 9 replies
So she's making very good money YET not paying rent.THIS IS A HEADACHE AND NIGHTMARE WAITING FOR YOU AT THE CLOSING TABLE.
Greg P. Appraisal was $2,000 short of Purchase Price....sigh..
16 August 2011 | 46 replies
In some contracts, it would be us to the seller to determine if they want to drop the price, and if so, the buyer is obligated to go through with the purchase (or lose his EM).But, these days, I'm often seeing FHA addenda that give the buyer the right to back out if the appraisal comes in low, regardless of whether the seller is willing to reduce the price.And yes, the lender is going to be fine with you reducing the price; all he cares about is that enough money is on the table to cover the appraised value.
Mike Murphy Help with numbers on my possible first deal
14 August 2011 | 8 replies
Still seems like a pretty good deal to me IF she will finance.I have been working under the table for cash for the last 2 years and thought it was great til I went to check on financing.
Greg P. When is it time to fire your Realtor?
8 September 2011 | 10 replies
Justin also makes some valid points, of course, since you bring other value to the table (wholesale deals)simple communication letting him know you would like him to do the extra's for you so you don't have to would be beneficial to you (saving you the time) and beneficial to him due to the extra value you bring to him.