If current AVM < loan balance. 

Hi all,I'm an investor with one rental at this point and looking to achieve my goal of growing my portfolio with single and multi-family properties.

We are purchasing out of state from California and about to close on a condo Montgomery AL, and we are having difficulty trying to get documents (HOA questionnaire, budget, and balance sheet) for the lender to get funding.

I have to caution would-be investors: Don't count on the returns they say they expect to achieve.

So, $249K balance + $20,000 cash to close and pay everyone, catch up arrears and closing costs.

You can't buy what's not for sale, and there's a lot more for sale," Reffkin said.Let’s look at May’s numbers:Available Homes Increase — May saw 14,673 active listings, a 17.4% increase year-over-year and a 10% jump from April.Prices Hold Steady — The median home price was $449K, down 1.6% from May 2024 and unchanged from last month.Market Pace Picks Up — Homes spent an average of 57 days on the market, 19 days less than April and only 9 days more than last year.Buyer Interest Surges — Pending sales climbed 16.1% year-over-year, suggesting that many are ready to act even as closed sales slipped 3.8%.Supply Remains Solid — Months of inventory dipped slightly to 5.0, up 1.0 month from last year and down less than 1 month from April.Market Snapshot — Over 14,000 homes are on the market, selling for an average of 94.6% of the original list price; Realty Austin Compass listings achieved 98.1% of their original list price and sold 17 days faster than the MLS average.

It all depends on what they are hoping to achieve.

I always suspected that to achieve anything of great notoriety in Architecture one needed to have access to wealthy friends or develop projects oneself.

Since the loan balance was $595,000 we asked the borrower to confirm that he had paid $1,405,000 down when he purchased the property.

Lets say I sell it for 500,000 thousand and require 20% down and charge 5.5% or 6% interest rate on the remaining balance?