17 January 2017 | 2 replies
If those are done prior to the appraisal being done then there shouldn't be any repairs required.)Seller to provide a home warranty for $560Closing date: March 10th (She could close earlier, but she is allowing time for the bathroom to be done and then the appraisal completed) FHA FinancingBuyer 2 ( He is aware of the bathroom being remodeled and I told him that it would be mid Feb but I couldn't confirm the date): Sales Price is $134,900Closing cost is $4047 Inspection period is 15 business days (19 days)Financing contingency period 30 daysEarnest Money $1000Seller to provide a Home Warranty of the buyer's choice(The agent did not put a cap on it, if this offer is countered an amount will need to be entered most warranties cost between $500-$600 depending on the features, but they can go up to $800 depending on the additional options selected.
21 January 2017 | 2 replies
Here's what we're looking for:- Something close enough to appeal to ND graduate students and/or mid-wage ND workers.- Close to downtown- Upward mobility of neighborhood (likelihood for appreciation)- Not currently overpriced (Twyckenham, Corby, etc.)- Class C+ to B area currentlyAny ideas?
25 January 2017 | 12 replies
Also, between 183 and 1 (Mopac) in North Austin seems solid because there are a lot of tech companies along the Parmer corridor and there is The Domain (upscale shopping mall, like Santana Row) in that region as well.Sub-$200K is tough, but mid-$200K is doable, as are some older low-$200K homes.
15 December 2016 | 2 replies
Most any property in Twinsburg can be sold to an owner occupant, Akron and Canton, not likely in the low to mid rental price range.
8 June 2016 | 9 replies
I closed in May and already have the property completely booked through mid-August.
7 June 2016 | 6 replies
., that if a selling broker who is representing a buyer as Client and not a member of Mid GA MLS, will not shall in the Listing (or sale commission) Commission, the selling broker will have to be paid by the buyer his client.
7 June 2016 | 2 replies
Needs quite a few work.My strategy is build and hold but looking to have a viable exit strategy in about 5-10 years max.Here are the numbers:Asking price - 80kClosing & Remodel - 30k (roof has a leak, HVAC needs to be changed too)ARV - 120k-125k based on Realtor Comp dataRental - 1050$ based on Realtor Comp dataVacancy + Property Management + Repairs + Capex (35% Rent) - 360$Taxes and insurance - 217$Mortgage (30yr-4%) - 302$Cashflow - 171$ROI - 4.47%Considering above, and the risk on the area risk for exit strategy/future appreciation, the deal does not look very great so thinking of going this way:- Offer 70k + Reduce rehab expenses to 20k which will give me 210$ cashflow and 5% ROI.I still feel ROI may be a bit low but considering I want to diversify my money which is now all in stocks I would be willing to take on it.Considering the low-mid growth potential for the area in the neighborhood is something you would consider?
21 June 2016 | 46 replies
Mid west as you state just has not come back with new construction.. its tough when existing homes are still 20 to 50% less than what it cost to build new and you have more homes than people...
9 June 2016 | 4 replies
Fellow BP'ers,Thanks to the quality of this site, the Bigger Pockets "meet up" that we've formed locally (Mid Cities), and meeting/networking with some great people, my wife and I are closing on our 3rd single family home here in Tarrant County in a few short weeks.