I have the cash to buy the property all out, but I really want leverage because I don't want to consume all my cash on this deal and it juices the COCR.Original Ask: $49kInitial Offer: $40kTheir counter-offer: $44kMy counter-offer that was accepted $42k.This is from an estate sale listed on MLS for a 3/1 SFH 865 sq. ft,1950Rent after installing washer and dryer and re-painting interior will be about $950/mthAnyone got any good mortgage broker recs?

Here's the information: http://www.cslb.ca.gov/Consumers/Know_Risks_Of_Owner_-_Builder/What_An_Owner_-_Bulder_Is.aspx

SFR in theory should have fewer issues, but if I were doing this I might strongly consider a rental agreement that had an escrow account for the tenant upon move-out sot there is a carrot-n-stick at the end of the two years; Say you are considering $600 for the rent.

If you are the buyer, you have nothing to negotiate, but if you turn around to sell, that's when you can ask for a slight reduction in commission...however, I explain it like this when I list a house:I use 6 $1 bills and say these 6 represent the commission you will pay. 3 goes to the buying agent and if I don't offer 3, you will get fewer showings and less opportunity to sell.

And it was clear then their proforma numbers left out the 20K a year loss due to paying all the utilities. on an 8 unit building in Alaska...I'm finding the task of finding and dealing with MF investments to be unreasonably time consuming not to mention frustrating and extremely risky.

Just have to be patient and keep your feelers out there and take actions when the right one comes along which are fewer these days.

Furthermore, the 203k mortgage may only be used on single-family homes; or homes of fewer than 4 units.You may use the FHA 203k to convert a building of more than four units to a home of 4 units or fewer.

High taxes => businesses leave => fewer jobs => people leave => rents decrease and buyer pool thins.

The problem often lies in uneducated consumers taking the Zestimate as gospel, which was never Zillow's intent.The Zestimate a very useful data point if you take the time to understand what it represents.

If, prior to full performance by the buyer and conveyance by deed, the seller is:adjudicated a bankrupt;dies, with title passing to heirs; oris adjudicated an incompetent;the buyer can expect time-consuming, frustrating, and expensive litigation beforeobtaining a deed and policy of title insurance.5.