[Trevor Carter]

Trevor Carter

Fair market rents are $750.00 for the 2/1, and 1500 for the 4/2. Comps put it about 300,000. Purchase price $276,000 at 4% fixed interest over 30 years(PI payment is actually $1293, not $1271 as listed above). Just off a college campus, so i figure the larger unit will turn over more frequently than the smaller one where the tenant is older and content. Owner is retired and living out of state 6 months a year. doesn’t want to deal with it. I spoke with him about that monthly payment, and how it would be a great thing to rely on and pass on to his heirs. He liked the idea, thus no balloon.

[Trevor Carter]

Trevor Carter

If we are trying to acquire new properties, as a buyer, will this law affect the occupant owner as a seller financer?

[Trevor Carter]

Trevor Carter

Thats really great! I’m so happy for you.

[Trevor Carter]

Trevor Carter

Thanks Walter,

Figured as much. Thanks so much for the great idea!

Trevor

[Trevor Carter]

Trevor Carter

great, thank you Jackie.

[Trevor Carter]

Trevor Carter

Thanks Hank,
I can indeed get some info online: tax status, owner name(s), mailing address, tax value, taxes paid, etc.

however, for comps, i’ve talked to a few agents in town, and they all concurred on the fact that houses are selling for just under asking(in general). So, by looking at active listings on realtor.com I can get a foggy idea of comps.

also, i have a friend who has access to mls, should i approach them about allowing me to look at similar houses? will the mls list sale prices in non-disclosure state?

[Trevor Carter]

Trevor Carter

Thanks for the info Jackie. I’ll look into the realquest.com subscription. Looks to have a lot of great info all in one place.

Trevor