All Forum Posts by: N/A N/A
N/A N/A has started 7 posts and replied 126 times.
Post: Alternatives to Security Deposits?
- Posts 143
- Votes 1
Tenant: "I can do $1500 worth of damage with no fear of recourse!"
I think in some cases you can also aquire the title through squatting in certain states, I think after a good number of years though.
Do you have plenty of credit available to cover any oops moves since you don't have much cash? If repairs go higher than expected or a longer than expected hold time occurs do you have the available credit to swing it?
Sounds like squatting plus paying taxes.
Post: Renting to friends or family
- Posts 143
- Votes 1
Money and blood don't mix, they are like oil and water only far more caustic.
Wow, 3%. Almost as good as SoCal. :lol:
Most lenders require 6 months mortgage, insurance and taxes.
Originally posted by "The DC Group":
Ok, have you ever heard of these options pertaining to commercial properties:
1. 100% owner financing
2. Owner financing for the down payment?
Even if the owner finances part of the downpayment you're still going to need cash reserves.
Start saving, you're going to need a large downpayment and 6 months of cash reserves to buy your first commerical property. You're better off looking into smaller residential if you don't have tons of cash to use up front. Why not like a 4 family that you can live in and rent the other 3 units? It will at least get you started with a minimum down payment and provide you a place to live. Are you planning to work fulltime when you finish school or are you looking to make realestate your fulltime career?
I did a quick google and came up with this site: http://www.neighborhoodscout.com/real-estate/investments/appreciation-rates.jsp
And these: http://www.google.com/search?client=opera&rls=en&q=real+estate+appreciation+data&sourceid=opera&ie=utf-8&oe=utf-8