![]() ![]() ![]() the buyer can back out of a deal if something goes wrong with the loan.the period of time to order an appraisal.buyer can ask for repairs, a financial credit, or reduction in purchase price.buyer decided if he or she wants to move forward, back out, renegotiate.the period of time to order and perform inspections.***Ask local appraisers what equation they use to value homes, work factors into the rehabĬash offers are best because they don't come with appraisal or loan contingencies When assessing a deal, only buy if all expenses/rehab/purchase price add up to 75% of the after repair value (ARV). General rule of thumb to cash flow positive *Key is that you add value BEFORE you finance anything so they will give you more Chapter 2: Buying Under Market Valueġ months rent should be greater than or equal to 1% of the property value. *Issue is that you can't access the equity you just created to buy the next deal Get a loan (for amount of distressed property - down payment). ![]()
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