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9 July 2021 | 2 replies
In my case, thoughts of resale being a concern are ZERO.
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7 July 2021 | 2 replies
If the concern is that they're "paying to heat/cool common space" that's not the case.
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8 July 2021 | 11 replies
Now the questions I have is what to do with the property:Option 1: Flip and sell it right away after the rehab is completed in a few weeksThen at this point, I would have spent:Total cost = $165k (cost of property) + $77k (cost of rehab) + $15k (closing cost buy & selling fees) + $6k (holding costs 4 months) = $263kSelling price = $290kProfit = $27k*Holding cost for 4 months = $4,192 + $1,900 (includes mortgage 4 months, utilities and taxes)What concerns me a little bit is that I am in a high tax bracket so I will have to pay quite a lot of taxes + short-term capital gain.Option 2: Rent and holdLoan monthly payment at 9.24% = $1,640/monthI would then cash-out refinance.
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8 July 2021 | 8 replies
That way if it’s something they are concerned about you’re making the decision as easy as possible for them.
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15 July 2021 | 19 replies
Very curious of an inspection.. framing is my biggest concern, 10 min from beach..
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8 November 2021 | 5 replies
Yes, it is complicated but looks like you have an attorney taking care of these so don't be too concerned.
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7 July 2021 | 2 replies
Let alone how competitive the market is here, they could just find another buyer.My big concern is that the property doesn't have central air and I would be installing that with ducts going through the attic (no crawlspace) immediately during the first month after closing.
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14 July 2021 | 9 replies
I am concerned that there might be an event where the loans are called and it being difficult to find other financing.
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16 August 2021 | 7 replies
The other no was from a guy expressing concern of a DUI 8 years ago.
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9 July 2021 | 15 replies
Concerning ABCD you need to understand the vast differences in owning the diff classes and set expectations appropriately.