Duplex Vs Condo All Locations : Advice

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Andrew Holbr…, Real Estate Pro in Austin, TX
Andrew Holbrook answered:
My son is a Junior at the Univ. of Texas. Would it be better for him to rent an ... a condo as an investment.? ...
By far a purchase would be the prudent decision. Interest rates are low, prices are low - a rare combination. I know condo market very well in Austin. Email me at holby100@gmail.com if ... more
0 votes Share Flag Tue Jul 26, 2011 Home Buying in Austin
Darrell Hess, Real Estate Pro in Marietta, GA
Darrell Hess answered:
Me and my partner are trying to get into investing in real estate.
Although you have a decent idea there is a little bit more to it. This is an area our team specializes in and are currently working with several seasoned and green investors like your ... more
0 votes Share Flag Mon Jun 20, 2011 Home Buying in Atlanta
Brian Rayl, Real Estate Pro in Frisco, TX
Brian Rayl answered:
Small Investment Properties - Condos or homes - where to find a agent/property that specializes or has expertise in this area?
Walter,

We have been doing exactly this in the Dallas, TX area for some time. Condos are certainly not the way to go. HOAs chew into your profit margin and do not appreciate nearly ... more
0 votes Share Flag Sun Sep 25, 2011 Home Buying in Walnut Creek
Mati Rosa Mo…, Real Estate Pro in Folsom, CA
Mati Rosa Morphis answered:
Are there good rental property investments in Folsom?
Folsom has many various areas and some great deals. Two of my Investors have purchased in Folsom - their strategy was to purchase 3+/2+ at least 1800 square feet and 10 years or newer. ... more
0 votes Share Flag Tue Mar 8, 2011 Rentals in 95630
Spirit Messi…, Real Estate Pro in 85716
Spirit Messingham answered:
Will FHA finance a FHA on townhuse condo?
Talk with your lender FIRST before submitting an offer. If you are not pre-approved, see a local lender. If you dont know of any, start with your local bank as you already have a prof ... more
0 votes Share Flag Tue Feb 22, 2011 Home Buying in 01757
Sharon Molnar, Real Estate Pro in Jacksonville, FL
Sharon Molnar answered:
If a foreigner plans to buy an apartment in Jacksonville, what should he notice before any deal?
Fred,

Typically, here in Florida, we don't sell "apartments". We call them Condos, Duplex, single family homes, Town Homes.

First and formost, you need to like the ... more
0 votes Share Flag Thu Jan 27, 2011 Home Buying in 32217
Richard
Richard "RJ" Kas answered:
What's the best way to invest in real estate in Los Angeles if you hv about 250k cash to spend - as a first time home buyer? Would you buy a?
Hi Nikki,
Are you looking to be an investor/landlord or a happy homeowner? If you are capable of showing full docs for a loan, you may qualify for an FHA loan and that would only requi ... more
0 votes Share Flag Sun Feb 24, 2013 Home Buying in Hollywood Hills
Helen Kwong, Real Estate Pro in 94618
Helen Kwong answered:
Credit-worthiness: buying a single-family home/condo vs. a duplex/multi-family home
Hi Oliver,

To be honest, in order to answer your question more thoroughly and in depth and to help you weigh out the pros and cons on each scenario. It will take more than the answer ... more
0 votes Share Flag Tue Oct 12, 2010 Financing in San Mateo County
Larry Sarlo…, Real Estate Pro in Camden County, NJ
Larry Sarlo 609-868-1171 answered:
Thinking about buying in OC-$500k range. Simpson Ave seems to have some good values but, a hike. Worth looking there or not? resale and rentabilty?
For some people it doesn't matter whether they are close to the water or not. Usually the entertainment areas are less significant in the decision process to location and where to ... more
0 votes Share Flag Fri Nov 12, 2010 Home Buying in Ocean City
Julie Reddin…, Real Estate Pro in Highlands Ranch, CO
Julie Reddington answered:
Interested in the Forclosure/REO market in the Northwest/North Denver Area.
Check out this link http://juliereddingtonrealestate.com/property-search/denver-metro-foreclosures and see for yourself. You can search away .... see here how to do it http://julier ... more
0 votes Share Flag Sun Dec 12, 2010 Foreclosure in Denver
Mark LeMenag…, Real Estate Pro in Lake Nona, Orlando, FL
Mark LeMenager answered:
I am looking for a property that I can rent out easily with say a 1 -2 year lease with positive cash flow after all expenses and property manager
Hi Puffy,

If this is a pure investment, then consider Central Florida. You will find the insurance cost alone to be thousands less than the cost not far from the ocean. We got thou ... more
0 votes Share Flag Wed Feb 16, 2011 Home Buying in Boca Raton
Nancy Wood, Real Estate Pro in 97470
Nancy Wood answered:
Should a home buyer in the Northwest buy now or wait until the economy starts to climb back? Why?
Now is a great time to buy! If you wait till market recovers you will be paying more for the piece of property. Interest rates may climb to many unknowns. Interest rates are low right n ... more
0 votes Share Flag Wed Jun 30, 2010 Home Buying in Portland
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
Buying a home for investment
Hi Larry,

Purchasing property as an investment should include consideration of the following:

1. Price of property and deposit size

2. Desirability of the area...do snowbirds f ... more
0 votes Share Flag Fri Jun 18, 2010 Rentals in Cape Coral
Natalia Hunt…, Real Estate Pro in Fort Myers, FL
Natalia Hunter answered:
I'm interested in purchasing a house for $65-$70K in SW FL. What is the best way to decide between cape coral, fort myers, estero or bonita?
Debrah, the best thing to do is find an agent who works in the area and has the knowledge. You have a lot of questions, I will be glad to talk to you and help you as much as possible. I ... more
0 votes Share Flag Thu Mar 4, 2010 General Area in Fort Myers
Steve Kappre, Real Estate Pro in Gloucester County, NJ
Steve Kappre answered:
I need to "shop" for a lender, for a preapproval to purchase a home. I have one already and they pulled my credit report, its under FHA for
Cpunkin -

That rate is fair. You can buy down the rate with points, and hopefully your loan officer went over this option with you. You will be fine regarding credit score. Any chec ... more
0 votes Share Flag Sat Mar 6, 2010 Home Buying in Clementon
Dale Warfel, Real Estate Pro in San Jose, CA
Dale Warfel answered:
Price of Duplex
Duplexes are considered residential income property, as opposed to a single family home. These properties are typically driven more by rental income. Since rents typically don't ... more
0 votes Share Flag Mon Mar 1, 2010 Home Buying in 94040
Carl Medford, Real Estate Pro in Fremont, CA
Carl Medford answered:
Does the seller care what kind of loan we have?
Erin:

Erin:

The sad truth is this: in the current market, “cash is king” followed by conventional loans. Because of the extreme shortage of inventory right now (especi ... more
0 votes Share Flag Tue Nov 29, 2011 Home Buying in Berkeley
Bill Polack, Real Estate Pro in Atlanta, GA
Bill Polack answered:
What are the available LTVs on duplex NOOs and required credit score?
Duplexes, for the most part, are treated like a house (vs a condo). That said, non-owner occupied properties require a minimum DP of 25%. The required credit score will most likely be o ... more
0 votes Share Flag Thu Apr 29, 2010 Financing in Boca Raton
Troy Staten, Real Estate Pro in 94501
Troy Staten answered:
I want to find out more about up and coming areas (read cheaper, hip, safe and improving) in Oakland. If would also help if area had good transport.
In Oakland the west side of town is changing for the better, I think the areas around the Macarther Bart Station have some promise. As for price I don't think your going to like ... more
0 votes Share Flag Fri Feb 5, 2010 Home Buying in Oakland
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