Lending Tree just shows me one place with 3.916% APR. I wonder if that was the one that my first crazy ex after Germany used. Her ex had given her personal information, she was angry with him, and she used something like Lending Tree to quickly do many credit checks, which she claimed ruined his credit.
Don't I date winners? Well, not recently. I have not had a date since well before TPgate.
I watched several more wholesaling videos while I started listing house numbers in the area. You can Drive for Dollars and look for houses that seem abandoned, like the vacant rental a few houses down, except I mowed the lawn, so it is less likely to draw attention. I can look up houses in the county database to see who is behind on their taxes. I plan on reaching out to the realtor for a house that has been on the market for over four years and see if she can tell me anything about the house on my street (which has a lockbox, but they probably do not want to have potential buyers contaminate it or rent it out and have them say they cannot pay rent). If not I can ask about the house that has been for sale for over four years.
In one of the videos the guy called people renting out houses on Craigslist and asked if they would consider selling them instead. The first guy said he had a rental that needed to be fixed up, he was getting older, and he was tired of it. He would happily walk away for $60,000.
The wholesaler said that the first person to name a price loses.
The other guy would not name a price, but said that he would have another property that he could sell in a month. The wholesaler said that he made eleven phone calls and potentially had three deals.
Another thing is that wholesalers periodically do mailings, but instead of buying a list, I have about 350 addresses so far from Zillow and Google.
I do not want to wholesale, I want to buy, but wholesaling sounds like a good way to put together enough money to buy, and to find good deals before they hit the market.
Flip Man, the wholesaler that I like the most [so far] says that if you can do four deals a month you are doing well. I do not know how many houses [without HOAs] there are in Show Low, but there are a total of 11,000 people. With family homes, apartments, mobile homes, etc., there might only be one or two thousand site-built homes [without HOAs]. If there are 1,500, can I flip 3% a year? It would be exciting if I flipped enough houses to put a down payment on a house and repair it, but there aren't any deals left.
Well, I did not find any houses for rent, but maybe I did something wrong. However, I found two houses for sale. One has four bedrooms, two baths, 1,350 square feet, and is on 20,000 square feet. It does not have a garage, but there is room for one!
They posted it for sale April third and took it down the nineteenth, but it is still up on Craigslist.
It was posted there April seventh. I thought ads automatically expired after a month. I wish that happened with OfferUp and Facebook Marketplace!
What in the world does "This home is priced to sell and has been disinfected for viewing at a safe, social distancing" mean? How do you socially distance from a house?
They were asking $101 per square foot, which seems great, although those bedrooms would be small, and the homes in that range sold for $125 per square foot with garages.
The thing is, the price is low, and it might be more difficult to find a loan for a smaller multiple of my yearly income, but if I got a mortgage for as much as I planned, and I got cash out for the difference, I could
build a three-car garage.
Quote:
Garage With Apartment Cost
For an average 400 square foot garage, an apartment costs between $60,000 and $70,000 to add fully finished. Your return of investment could improve if you build a detached garage with a loft above it and use it as a rental unit.
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Yeah... it says $28,200 to $42,300 for a 3-car garage. The higher value for a 3-car garage could fit four cars, depending on how you want it.
They talk about putting full-sized trucks and SUVs in the garage, as well as bull bars, wheelchair lifts, etc.
They say that it costs sixty to seventy thousand dollars to build a two-car garage with an apartment above.
Around forty thousand dollars extra for a 2-garage with an apartment. If you rent it out for $400 a month you would break even in 8 years and 4 months.
You would break even in 75 months.
The other home somehow has 2 bedrooms, two baths, 1,800 square feet, a 1-car garage, and is on 3 acres for close to my self-imposed limits. It was posted on the MLS April third, also posted on Craigslist on the seventh, and taken off of Zillow on April fourteenth.