Lowest Down Payment to Buy a Rental Property
Saturday, 01 October 2011
by Gary Kent
“What’s the lowest down payment you can make to buy a rental property?” Answer: Theoretically, you could buy a property that the owner finances and put zero down. But the odds of that happening are not much higher than that down payment. Fannie Mae sells some of their foreclosures for just 10% down to investors
- Published in Home Buying, Home Financing, San Diego
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The “Price Per Square Foot” Myth
Sunday, 25 September 2011
by Gary Kent
“Hi Gary. We’ve found a beautiful La Jolla home on a canyon, but it’s way overpriced. The sellers won’t go below $397 per square foot, but homes in the area are selling for around $350 per square foot…” Answer: Stop. You’re falling for a fallacy that traps many homebuyers, homesellers, and a whole lot of
- Published in FAQs, Home Buying, San Diego
What “Pest Control Clearance” Really Checks For
Sunday, 07 August 2011
by Gary Kent
“My wife and I are looking for our first home…I heard I get something called a pest clearance with the house we buy. What is that? Do they check for ants, rats, spiders, etc.?” Answer: You’re talking about what’s commonly referred to as a “termite clearance,” but officially called a “pest control clearance.” A pest
- Published in FAQs, Home Buying, San Diego
Where You Should Buy Multi-Unit Properties
Thursday, 04 August 2011
by Gary Kent
“I see you handle a lot of multi-unit properties like duplexes and triplexes. Where do you suggest buying?” Answer: I’ve actually covered this in past seminars of mine. Where you should buy depends on why you’re buying. If you’re buying to live in one and rent out the other(s) or plan to manage the property
- Published in Home Buying, Real Estate Resources, San Diego