If you are borrowing part of the purchase price make sure the lender knows it will be a rental property. Big brother is watching, good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.... more
I would love to help you find your new home! I have lived in that area myself until last year and I know the area really well. Please contact me and I will send you the list of properties that match your criteria as soon as they hit the market.
RE/MAX Real Estate Associates
c. 713-534-3018... more
You need to discuss this with your agent right away. It may come down to consulting with a real estate attorney which is I highly recommend you do especially if you still want to finalize the purchase of the condo.... more
If your client is looking to do a flip on a property, he can refer to hard money financing. It's used as a short term loan with high interest rate. A lot investors will use this to avoid having to put too much money upfront. The basis of the loan is based upon the ARV (after repair value) of the property. Usually you can get an LTV of 70% on Hard Money loans. In his case he may have to hold onto the hard money loan until he has flipped the property.
Serve Realty Professionals, LLC
If you are shopping for a local Houston lender, please keep CodeMark Financial, LLC in mind. We are experienced in all the available loan products, including USDA. And we work with some of the best Realtors in Houston and the surrounding areas.
Anna Maria Durr, NMLS 266699
CodeMark Financial, LLC
4500 Highway 6, Sugar Land, TX 77478
281-592-0667, email@example.com... more
I recommend you approach the decision much the same as you would a marriage proposal from a boyfriend that all your friends and girlfriends have bad things to say about....in other words, try to resist the romance of a model home and trust your research.... more
You might consider the medical center area that would be east of U of H. You can purchase a condo or town home with a garage, $90,000-$150,000 range. You would likely need to plan on putting 20% down unless the lender can provide some special financing. Single family homes would be more expensive.
Depends on what you can afford. The medical center area is always popular so resale is good and rental opportunities for you if you don't want to sell down the road. This area is also close to downtown and the Galleria area to the west.
Let us know if we can assist you.
Bernstein Realty, Inc.... more
I would be more than happy to help you with this.. Send me an e-mail to firstname.lastname@example.org with exactly what you are looking for; size, amenities, price, area etc... or feel free to call me at 713-397-5891.
Look forward to hearing from you!
Greystone Real Estate... more
Generally there is not a fee to the Buyer when purchasing property.
Sometimes during negotiations depending on the circumstance it may be negotiated for the buyer to pay some of the fees.
There is no set amount to the fees, each transaction can be different. If you are budgeting budget a minimum of 3% of the sales price as that is the average fee (not a standard fee).
Hope this helps and please let me know if you need any additional information. I specialize in working with investors in the Houston and surrounding areas so feel free to call or email me.
Greystone Real Estate
Midtown, Heights, Upper Kirby, you pick, the Inner Loop is expanding. If you need a please, then call me when you have an opportunity.
Joe Cano - Realtor/Locator
There isn't any way to make an accurate prediction on that. After all, one might say "Pearland" today, but if a chemical waste truck turns over in the area and cause extensive, long-lasting damage, that might not be true down the road.... more
Gary Ismail, Real Estate Pro in Houston, TX
I'd be happy to! I have been doing this for 11 years now and I extremely familiar with the Houston market. I hold a Texas Real Estate Brokers License, I'm also a Realtor and a Certified Relocation Specialist. Most of my clients are actually from the west coast like your self. I grew up in LA and moved to Houston with my family when I was in the middle school and consider Houston my second home now. I would happy to help you find that exact investment property after finding out what your goals are. Long term? Short term? Either way I will be able to guide you with knowledgeable advise. I work with local investors as well as with helping clients find their first or second home in the city. I grew up in LA and moved to Houston with my family when I was in the middle school and consider Houston my second home now. It would be my pleasure to help you find that exact investment property after finding out what your goals are. I also have access to investment friendly lenders that can provide you financing for up to 10 investment properties. I can be reached at 832-489-GARY or via email at email@example.com. Looking forward to hearing from you soon.