"we love mom & pop real estate investors"
For fix-up investors, newly created equity (after fix-up costs) is a prime source for quick cash. Every investor I've ever met needs cash. House fixers are well aware that fixin' houses for yourself doesn’t provide a paycheck on Friday night like traditional W-2 jobs. Quite often, house fix-up … [Read more...]
Down payments are traditionally less for older income units - even when they're well kept and full of smiling tenants! 10% cash down is normally what most investors expect to pay. Many young start outs with tons of energy to burn feel fortunate to come up with 10% cash. My problem is not really the … [Read more...]
Almost every real estate book written and nearly all seminar instructors expound repeatedly on the virtues of 30 year fully assumable FHA or VA financing. Certainly these are good loans when they fit the deal. However, I must tell you this --- There is no way on earth I could have ever purchased … [Read more...]