Home Buying in Eagle Rock : Real Estate Advice

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Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
In Los Angeles, CA - I have a few questions about buying under market value
I don't see any reason why the bank would have an issue with your getting a great price on a house.I believe your loan is fine for renovation work, but adding a rental income property t ... more
0 votes Share Flag Tue Jan 19, 2016 Home Buying in 90041
CMRS Constru…, Real Estate Pro in Los Angeles, CA
CMRS Construction Inc answered:
Are there any General Contractors experienced with 203k Loans in LA County?
We have worked on quite a few 203K projects in LA and also reverse morgage re builds, we are registered with Wells Fargo and B of A. All projects have stayed in budget and all home owne ... more
0 votes Share Flag Wed Mar 31, 2010 Home Buying in 90041
Raphael Guer…,  in Mount Washington, Los...
Raphael Guerin answered:
Is it possible to do an fha with 3.5% down on a 2-4 unit in LA (i live in 90041 right now) and actually get enough income from the other units to pay?
The key for you besides having an excellent lender is weather or not the units are vacant or rented. Vacant will allow you flexibility in many ways. Units that are occupied may be hard ... more
0 votes Share Flag Thu Mar 11, 2010 Home Buying in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
if i were to purchase a duplex for 185,000 what would be my down payment . 90041 area
You've got to get at least 3.5% down Joe. That's $5550.
1 vote Share Flag Tue Apr 14, 2009 Home Buying in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
can anyone tell me how much my monthly payment would be if i purchase a duplex at 195,000?
Joe, if you got 20% down your total payment including Tax and Insurance would be 1034.

If you do FHA and only put 3.5% down total payment is 1256.

Both of these are 30 year fixe ... more
0 votes Share Flag Tue Apr 14, 2009 Home Buying in 90041
Sky Minor, Real Estate Pro in Los Angeles, CA
Sky Minor answered:
What is the lowest asking price i can give for a duplex property in the 90041 area.?
$1.

And watch the seller laugh.

Just because you give it doesn't mean he'll take it. If you're serious about getting this property for the lowest price available, I've got a few ... more
0 votes Share Flag Tue Apr 14, 2009 Home Buying in 90041
Debt Free Da…,  in 85260
Debt Free Dave answered:
What is happening with down payment assistance programs from the city of L.A. Sky Minor wants to KNOW!
As of october 1st the are going away.
1 vote Share Flag Fri Aug 15, 2008 Home Buying in 90041
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