To Buy Or Not To Buy That Is The Question
239,000 brand new duplex just went on the market each side should rent for 850-900. I'm wondering what everyone thinks, I'm also wondering about finance my issac is 750 could I fet a 100% loan and what would the rate be? I have the cash but don't want to put down 20%.
I think that is priced to high to be a good deal although with enough down you can make it cashflow. My guess is that it won't cashflow anywhere near 100% LTV
100% is possible and at that price you will not cash flow immediately. With 100% you are probably looking at breakeven with maybe one month vacancy a year...if the rental market goes up you should see a little cash flow....Since it is Brand New shouldnt be a whole lot going wrong anytime soon and that is a good thing for you....If something does go wrong you will have to come out of pocket if you have the $$ to cover you are fine if you dont then you could get in trouble.......Here is Cali that wouldnt be on the market for more than a day........
what kind've % rate would I get with 100% ltv
-$75 at 100% ltv, still wondering what kind've rate at 100% financed I plugged it at 7.5 %