To truly know whether you’re buying a good deal, it’s important to have a professional agent review the comps and determine the real market value—what someone would actually be willing to pay.Refi comps and sales comps are not equal.

He had me over to check out the work and I noticed right away that they had used screws that weren’t even rated for outside to lay the Trex decking, which caused me to look into all the other details which as you can imagine were equally wrong.

Responding within an hour makes you 7× more likely to turn that lead into an actual deal.You don’t need to memorize the stats.Just remember this:Speed equals trust.Speed equals momentum.Speed equals money.When a seller reaches out, they’re already stressed, overwhelmed, or ready to be done.

If the duplex is selling for $700K and the units are equal (your accountant can walk you through that), then you would be purchasing $350K of investment real estate and $350K of primary residence, like @Michael Plaks said.

We are also considering to purchase land (there is lots of it and pretty cheap) and build with a possibility of 100% construction loan (so just 20% down for land which may be equal to $40K for $200K 3 or 4 acres) the build out will be about 2 to 2.5 mil.  

While it may seem like a small election, a roadblock to progress and prosperity has been removed.Now an investor, a homeowner, or a resident  can come to Housing Court and finally be treated with dignity, respect,  and equality before the law.

Comps in the area are $225K - $240The rent comps are $1700 - $2050  there is new construction in the adjoining neighborhood which probably affects the rents.The Wrap term with the seller is 10 yearsMy payment to the seller is equal to the mortgage loan payment. 

Assuming title, taxes, insurance are equal across the board overall costs would typically be about $1,250 in lender charges, appraisal maybe $700-900, credit report for $100.  

The IRS taxes the portion of gain equal to your depreciation at up to 25% (federal), and the rest at capital-gains rates.

It’s essential to know the income and expenses for each property in the portfolio, and equally important to track each property’s basis, adjusted basis, and accumulated depreciation.