Seeking Alpha

ussmex » Comments » SKF

  • Three Areas of Opportunity for the Bold [View article]
    You need to put some more thought into your real estate deal.

    Your rate on an investment property will be much higher than 6%, unless you buy it down with points.

    If you take out a loan your lender will require that you have a hazard insurance policy. The cost of your policy will be significant, especially if the insurer gets wind that you plan to rent it as a "horse property". You need to build insurance costs into your monthly outflow.

    Banks don't just drop their pants on short sales. If you offer them 20% less than their asking price you'd better have some quality time scheduled with the individual handling their portfolio, or the only sound you'll hear from them will be silence.

    I could go on. You really need to do a few of these deals before you present yourself as an authority on Seeking Alpha.





    Oct 30 00:41 am |Rating: 0 0 |Link to Comment
More on SKF by ussmex
Comments by Ticker
ussmex's
Comments Stats
11 comments
Rating: -2 (3 - 5 )