Hi guys I am purchasing my first home and want to know if this would be a good deal. I am approved for a FHA loan, I found a double that I like. It is an all brick double that was built in the 50's. It has central ...
I am looking at a 4 unit, 1 bedroom in each unit.
each unit is rented for $415 a month.
Taxes of $3300 a year.
Owner pays gas of about $200 a month.
Some deferred maintance, but a solid brick building.
What would y...
Hi everyone, I am 23 years old and currently make 60k yearly after taxes. Right now I have $15,000 in savings and I don’t know if that’s enough. I don’t want to do a FHA loan (I don’t want to live at the property, I r...
I have seen some posts where people quote a 1% per month return on rentals or something like that. If you are a flipper or rehabber, at what point do you decide well maybe this property is better suited for flip, rent...
Hello,
I have started receiving my first responses from a mailer I sent out to people whose SFH loans are being foreclosed on. I got the names and addresses from a foreclosure newspaper here locally. The woman told me...
We've always had nice slow and steady residential market here but this year it has gotten quite quite batty.
I am selling a house in a hot neighborhood and am puzzled about what price to ask as I don't have any MLS c...
I have a motivated seller in Maryland who is looking at possible foreclosure. I base my numbers on: (ARV x .65) - repairs = Max Offer. In this case: (285K x .65)-15K= (185K) - 15K = 170K max offer. Her mortgage bal = ...
Hello! I would love some advice on a potential flip. This would be my first flip although I have two but & holds in the area.The house is a foreclosure that went on the market 11/2014 for $120k, a month later it d...