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Investment Properties in Tucson : Real Estate Advice

  • All812
  • Local Info68
  • Home Buying298
  • Home Selling54
  • Market Conditions39

Activity 8
Sun Nov 5, 2017
Frank S. answered:
Hello Ncmvictoria, yes investors can buy Homepath homes with 15% down. You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Check out the web reference link below...
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Mon Jun 1, 2015
Trevolyn Haines answered:
Be careful. There are very few mortgages that do not have a 'due on sale' clause and that 'due on sale' clause can make it risky to do a wrap (as soon as the original mortgage lien holder finds out that the property was transferred to a new party they will call in the loan~ unless the property is worth less than their mortgage). ... more
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Fri May 8, 2015
Honor Guimond asked:
HOA wants a couple hundred dollars to provide condo docs to me for my Florida rental. Is there a way of getting them in a less expensive manner?
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Tue Feb 3, 2015
Michael Lamonge answered:
So in general investments in rental income property can be good, in fact very good. Mobile home parks do very well if they are managed correctly. I have many clients that like this product and know how to make money with it, as do I. As for you particular investment Idea, to give you sound advise I would need to know more such as location and particulars about the unit or units and then price would be a factor along with any terms that may help. ... more
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Tue Feb 3, 2015
Michael Lamonge answered:
No but if your exit includes an FHA loan obtained by the buyer then yes up to 90 days. I work with a lot of investors and there are easy ways to deal with the timelines. Different types of bridge work arounds feel free to make contact if you would like to know more.
Thank you.
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Thu Oct 24, 2013
Ric Mills answered:
Now the rates have comer back down and the RE market will probably see an up-tick in buying and selling.
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Wed Jan 9, 2013
Doug Seemann answered:
Hello Dana,
Average days on market is misleading. It averages well priced homes, distressed properties and overpriced properties. If you look at mls on any given day, you will find most of the listings are well over the 51-55 day average. This is because in this market, with just over half of the inventory we should have, properly priced homes are selling very quickly. Often they are under contract in under 48 hours from initial listing. Financing and closing can take 45-60 days giving you the days on market. Investors will sometimes by the best deals, for cash in as few as a few hours after a house hits the market. Closing is typically in 10 days.
If you are buying, you want to be very aggressive and efficient in your search. Don't spot a house you like on Tuesday, and expect to see it Saturday if it is a good deal.
If you are selling, an experienced agent can help you take the time to prepare the home and price it right. If you take his/her advice, don't be surprised if there is a crowd on listing day!
If you would like to discuss this further, I can be reached at 520-370-8907.
Good Luck
Doug Seemann
Long Realty
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