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Real Estate
Reply to "Thoughts on this House in Bethesda? "
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[quote=Anonymous][quote=Anonymous]Agreed the brick fireplace looked much better, honestly I think (at least in pictures) old place looked better or comparable. Furthermore, the listing says that they have put 125k in upgrades. I find that very hard to believe given that they bight it for 825k and only put down 73k or 8.8% (their loan amount is 752k). What are the odds that someone who could not even afford to put 20% down on the place suddenly has 125k to put into upgrades and improvements...very low[/quote] Can't speak to the 125K, but flippers typically want maximum leverage. Tying up more money than is necessary in one investment property means less funds to deploy on other investment properties. So putting down the minimum necessary to get the loan has nothing to do with how much money they have to do renovations.[/quote]
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