For sale, 2 units building close to U st. Excellent walk score. Nice tenants currently residing in both units. Second floor has been rented recently and first floor tenant just renewed their lease. First floor unit: 2 Bedrooms and 1 bath Second floor unit: 2 bedrooms and 1 bath First floor unit Second Floor unit
While out looking at properties for an investor client of mine, I noticed concerning cracks on the foundation of this house. Take a look for yourself. Foundation issues can be problematic. However, they can be fixed to avoid further damages and higher repairs in the future. For cracks less than 1/16 inch, the issue is… Continue Reading
Went out with a client of mine to look at potential investment property. We were informed of the mold. Well, we were in for a surprise. We elected not to venture into the house fully. We just stayed on part of the main floor. Take a look and see for yourself. Make sure to protect… Continue Reading
The Chenoa fund is administered by the CBC mortgage agency. It is designed to facilitate home-ownership by providing down payment assistance to qualified buyers. The assistance can be used for FHA and conventional loans as well. FHA Loans Chenoa Fund DPA Edge: Soft Second product: The borrowers need to have a score of 620 at… Continue Reading
An REO property, is a property that has gone through the foreclosure procedures and failed to sell at a foreclosure auction. After the Auction, the property goes back into the bank or institution’s portfolio. Once owned, by the bank, the property is then placed for sale, typically at a discounted price compared to non REO… Continue Reading
DOPA: the District Opportunity to Purchase Act. It has been designed to promote Rental housing affordability in DC. DOPA helps with affordability by helping maintain the current number of affordable rental housing in DC as well as increase it. DOPA applies to properties of 5 rental units and more with at least 25% of the… Continue Reading
Rates have been improving lately. lower rates can help lower monthly payments or Help qualify for a higher price point.
A credit score plays a big and important role in purchasing a house. in Fact, the credit score will dictate the amount that one qualifies for as well as the interest rate and payments. A Good score will provide for a lower rate which could translate in lower payment and possibly higher approval amount. It… Continue Reading
Sometimes finding the perfect home can prove to be challenging. IN fact, you might find it, however it might might be in dire need of work. What do you do. FHA alone, might not allow the purchase. Some conventional loan might not allow the purchase. Well, a 203k might be the solution. In fact, a… Continue Reading
Curbed DC – All