Buyer issues range from only 2 parking spaces, One furnace and the need for some kitchen and bath refurbishment

Hello everyone,I am currently searching for my first investment property to purchase and i came across one in my price range but the property details states that the house had a major fire 2 yrs ago.

Who’s selling partials and what’s the price range??

More on this topic in the next.A/B Class will see significant stability -- Each marketing cycle, it is typical for a reasonable range of residents to buy a house instead of continuing to rent. 

There is an even broader range of "small shops" than STNL retail, i own a gas station, etc.The short answer is, always maintain your property, be aware of your tenants' needs and have cash reserves to remodel or reposition the assets to generate the highest rent.

This is what the person sent me:Below are the loan terms and conditions.While every loan is structured to meet individual and corporate borrowing needs, our general lending parameters include:* Loan amounts ranging from $25,000 to $5,000,000.00* Interest rates starts at 5.95% to 8% depending on the type of deal involved.* 6-month to 20-year repayment term. * Interest-only and amortizing payment structures.* Balloon payment is allowed * There is a service charge known as the loan origination cost which is needed for the loan processing and it depends on the loan amount.* There are no prepayment penalties.See attachment for our company's brochure and entity certificate for verification. 

The lower LTV, gets me the Fannie and Freddie lenders and the great rate...the rates were in the 3.88-5%+ range as soon as the LTV gets over 55%Because of the building location in the heart of Hollywood, CA it will continue to appreciate and is a pretty safe hold, but, because of personal family circumstances I would probably hold for 10 years, even without the refi.

What house price range are you looking at buying in FC.

We have a diverse, growing, upscale economy and lots of well-paying corporate jobs.Things are slowing right now, as they are across the country, but our diverse metro Phoenix economy will help us rebound when COVID 19 reverses course.

Rent seemed typical of the area, but purchase price for a property like that usually seems to be more often in the 250k range here.