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How to Maximize the Return on Investment Statistics

Assignment id 1012555
Discipline Other
Assignment type Essay
Words 2843
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To be able to maximize the return on investment of their $150,000 of initial capitalization I have available to create my property buys out of the stock of distressed properties offered within my target market place, I'd first partner with a real estate specialist, a Realtor(R) in order to make full use of the real estate agent resources that would allow me to carry out whole due diligence before making any purchasing decision. I'd concentrate my hunt in the immediate region of the University of Central Florida, the greater Oviedo Florida metropolitan region, as there are numerous properties offered in this field that have a very higher potential for renovation and rehabilitation and could be easily converted from a single-family residential part into a multiple roommate rental home. Due to the continuing inventory excess in the domestic property market generally, and the Oviedo/UCF area market particularly, there are lots of bargain priced properties offered for sale by qualified buyers who have either adequate capitalization, or satisfactorily robust credit. Since the assumption of this exercise is that there are funding available immediately one assumes that a substantial down payment might be placed on the house, and that available credit could be utilized given a small but still acceptable FICA score from the 700 to 750 range. Assuming a four bedroom three bathroom house with a purchase price of $150,000 and a down payment of $75,000, this could leave you with a $75,000 mortgage at approximately 4%, and monthly payments of approximately 350 dollars month. Incorporating taxes and insurance rates into the P&I would deliver the monthly payments to approximately $700. Most of desperate propertie...

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