Checkyourcontractcarefully.Ibetthatit'stuckedsomewhereinthecontractsaysthatbuyerpaysallclosingcost.AlthoughnormallybankpaysallclosingcostforREOpurchase.Iwasbitbythisonce.Myagentdidn'ttellmethateither.
Besides,the200-300closingcostthathetoldyouprobablyincludesthepropertytaxpro-rationalready.Soyourclosingcostismuchhigherthanthat:atleastincludethetransfertax(dependingonstate),settlementfeeof300,t...[阅读全文]
博文
(2009-11-10 07:41:51)
(2009-11-08 15:32:03)
你的“exitstrategy”是什么？
Thanksforsharingyourinvestment,especiallythedetails.It'sstillhardtosayifit's"值得",evenwiththismuchinformation.Anotherinfoshouldbeyourexpectation.Herearesomecommonexitstrategies,whichoneisyours?
1.Holdandrent.You'denduppaying60+13K=73K(onaverage)forthehouse.Ifyourent$750,youneedtopayestimated135(HOA)+120(tax)+40(ins)+60(vacancy)+70(management/repair)=~430/month...[阅读全文]
Thanksforsharingyourinvestment,especiallythedetails.It'sstillhardtosayifit's"值得",evenwiththismuchinformation.Anotherinfoshouldbeyourexpectation.Herearesomecommonexitstrategies,whichoneisyours?
1.Holdandrent.You'denduppaying60+13K=73K(onaverage)forthehouse.Ifyourent$750,youneedtopayestimated135(HOA)+120(tax)+40(ins)+60(vacancy)+70(management/repair)=~430/month...[阅读全文]
(2009-11-03 08:11:28)
whatyouneedtodois,whenyoufindaproblemanddon'twanttorenttothem,callandsay:Look,I'mlookingatyourapplicationandfoundxxx(theproblem,couldbecredit,eviction,job,oranything).Whydon'tyoutrytofixit,andthencomeback.Inthemeantime,I'llhavetomoveonandprocessthenextapplicant.
Thisway,youneverofficiallydenyanyapplicant.Allpeoplewhohaveeverappliedarestillinprocess.
Incasewhentheydocomeback,justsaythatyour...[阅读全文]
Thisway,youneverofficiallydenyanyapplicant.Allpeoplewhohaveeverappliedarestillinprocess.
Incasewhentheydocomeback,justsaythatyour...[阅读全文]
(2009-11-03 08:06:51)
拍卖有好几种，您问哪一类？
Mostcommontypesareare:
1.Foreclosureauction,whenthehouseisofferedtopublic.Ifnootherbiddercomes,bankwilltakeit.
2.REOauction,whenbankhasthehouse,andistryingtosellitatauction.
3.Auctionbyprivateparties,includingevenhomeowners,builders,
4.Taxauction,includingcountyandIRS
5.HUDauction,sellsFHAforeclosedhouses
6.PerhapsevenVAhousescouldbeupforaucti...[阅读全文]
Mostcommontypesareare:
1.Foreclosureauction,whenthehouseisofferedtopublic.Ifnootherbiddercomes,bankwilltakeit.
2.REOauction,whenbankhasthehouse,andistryingtosellitatauction.
3.Auctionbyprivateparties,includingevenhomeowners,builders,
4.Taxauction,includingcountyandIRS
5.HUDauction,sellsFHAforeclosedhouses
6.PerhapsevenVAhousescouldbeupforaucti...[阅读全文]
(2009-11-03 07:57:06)
Severalaspects:
1.Aboutthehouse.
Thatfactthatit'sinforeclosuremeanstheownerdoesn'thavethemoney+timetotakecareofthehouse.So,it'sprobablyinabadshape.Plus,ownermightbemad,andcauseadditionaldamage.I'veheardpeoplesellallappliancesbeforeforeclosure.Youhavetobepreparedtotacklethatintermsofmind/money/effort.
Anotherthing,it'shardtodoaninspectionbeforeyoubuy.Butifyoupaytheownerfewbucks,theymigh...[阅读全文]
1.Aboutthehouse.
Thatfactthatit'sinforeclosuremeanstheownerdoesn'thavethemoney+timetotakecareofthehouse.So,it'sprobablyinabadshape.Plus,ownermightbemad,andcauseadditionaldamage.I'veheardpeoplesellallappliancesbeforeforeclosure.Youhavetobepreparedtotacklethatintermsofmind/money/effort.
Anotherthing,it'shardtodoaninspectionbeforeyoubuy.Butifyoupaytheownerfewbucks,theymigh...[阅读全文]
(2009-10-30 19:05:37)
2006年底的时候，我开始准备第一次买投资房。当时我先自己到处看房子。有一天在一个openhouse碰到一个agent叫Jullie。我问她是否可以帮我买投资房，她说没问题。当天就帮我找了好些listing，不过都太贵，没有Cashflow。之后又email过有很多listing。之间还请Jullie和她男友（拥有出租房）一起吃饭，交流投资房产的经验。
终于有一天下班后，Julie打电话说找到[阅读全文]
终于有一天下班后，Julie打电话说找到[阅读全文]
(2009-10-30 09:45:54)
EitherIseewhatpeopledon'tsee,orImisswhatpeoplesee.
Itgotabeoneofthese2.
Shouldtheabovesentencebecomeaclassic?Haha.
www.sunskitehomes.com[阅读全文]
Itgotabeoneofthese2.
Shouldtheabovesentencebecomeaclassic?Haha.
www.sunskitehomes.com[阅读全文]
(2009-10-30 08:49:19)
Thebestwayisbycheckingrecentsalesofcomparableunits.Thesaleshavetobewithin3-6months.zillow.comredfin.comshouldhavesaleshistory.Haveyoubeentoeitherwebsites?
Anotherplacemaybecountyregister'soffice,whichmayhaveeverythingonline.Simplygoogleyourcounty'sregister,orrecorder.
Ifyouwanttoholdandrent,thenyouneedtofindoutmarketrent.Checkcraigslist.com,orlocalnewspaperforcomparablerent.I'dconsider5-10...[阅读全文]
Anotherplacemaybecountyregister'soffice,whichmayhaveeverythingonline.Simplygoogleyourcounty'sregister,orrecorder.
Ifyouwanttoholdandrent,thenyouneedtofindoutmarketrent.Checkcraigslist.com,orlocalnewspaperforcomparablerent.I'dconsider5-10...[阅读全文]
(2009-10-30 08:48:57)
Whichcity?
IfeelyoucandobetterinAtlanta.TherehasbeenpostsonthisforumfromAtlantathathavebetterreturn.
Withyourrentof$750,takeouttax(100),insurance(50),management(50),repair(50),vacancy(50),HOA(135)you'dbeluckytohave$350.Yourpricewouldbeatleast65K,probablyhigher,+10Krepair,thatseemsabithigh.
Yougotaview30-50housesbeforeyoubuyarental.Definitelydon'tbuythefirstoneyoulike.
It'sprobablya...[阅读全文]
IfeelyoucandobetterinAtlanta.TherehasbeenpostsonthisforumfromAtlantathathavebetterreturn.
Withyourrentof$750,takeouttax(100),insurance(50),management(50),repair(50),vacancy(50),HOA(135)you'dbeluckytohave$350.Yourpricewouldbeatleast65K,probablyhigher,+10Krepair,thatseemsabithigh.
Yougotaview30-50housesbeforeyoubuyarental.Definitelydon'tbuythefirstoneyoulike.
It'sprobablya...[阅读全文]
(2009-10-21 19:33:45)
Thereare3stageswhenyoucanbuyaforeclosedproperty:
1.Shortsale:whentheownerislate,andbankstartstoforeclose.Atthistime,thehousestillbelongstotheowner,butnotforlong.
2.Whenthebankforecloses,someplacesgothroughsheriff'ssale,otherplacesgothroughtrustees'sale.Thegeneralsettingissomewherenearthecourthouse.Theauctioneerwillsellthehousetohighestbidder.Thebankisalwaysthere,mosttimerepresentedbytheauc...[阅读全文]
1.Shortsale:whentheownerislate,andbankstartstoforeclose.Atthistime,thehousestillbelongstotheowner,butnotforlong.
2.Whenthebankforecloses,someplacesgothroughsheriff'ssale,otherplacesgothroughtrustees'sale.Thegeneralsettingissomewherenearthecourthouse.Theauctioneerwillsellthehousetohighestbidder.Thebankisalwaysthere,mosttimerepresentedbytheauc...[阅读全文]
