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Hi here, does it take longer to rent out 1bd 1br vs 2bd 2br in lake mary? Also, are those REO lists cash-only deals? Thanks!
Recently I almost made a purchase for a 2bd condo in lake Mary. But I think I need to do more due diligent. Any inputs are greatly appreciated.
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rather invest on a 2bed unit than a 1bed.
Your cash-flow is typically better with a 1br unit, however, with a 2br unit you get a more stable tenant.
Not all REOs are cash. There is financing for some of them, but not all.
Contact me and I'll provide you with a list and more details.
Hello Rose, it's my opinion that it's easier to rent out a 2 bedroom, REO purchases can be financed it all depends on the competition, and banks tend to prefer them as cash purchases can normally close much quicker.
Rose-it is much easier to rent a 2bedroom/2bath for a few reasons. It allows the tenant(s) to have a roommate and the second bedroom could also be used for an office-as many people are working from home these days. REO's can be cash or financed. However, cash deals seem to go much smoother and quicker. If you are looking to invest, give a call or email-I will be happy to work with you. Thanks for your question-have a great day!
Typically it is easier to rent a 2 bedroom than a 1 bedroom. With regard to the method of purchase
Some properties such as condos do not qualify for financing and require cash to buy. If you need assistance with a specific property give me a call.
Good Morning,
Yes, I would say that the rental of a 1 bedroom generally is more difficult than a 2.Also generally,the REO's can either be mortgaged or cash. I "good" cash offer will usually have priority as to the Seller the do not have to wait for the Buyers financing to get concluded. If you have any other questions or if I can assist please give me a call or email.Also please feel free to take a look at my website. Thank You.
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