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Can anyone shed some light on quant funds please? https://groww.in/mutual-funds/escorts-tax-plan-direct-growth
I am seeing stellar returns and extremely low expense ratios but apparently since they're quantitatively managed algorithms, they don't account for things like corona for example.
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Community Builder
Hello All,
Any EY GDS PMO here?
Additional Posts in The Real Estate Bowl
Can I get a commercial loan without 25% down?
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I'd be worried about the appraisal. If it's overpriced, you may have to bring more cash to closing
That said, if it's a good cash flowing deal, buy it.
Subject Expert
No, the bank picks the appraiser, and there’s little you can do to request a change if it comes back low.
Your realtor should be able to give you a good estimate at comps, but appraisers kinda walk to the beat of their own drum. I’ve had 2 appraisals come back low, for really stupid reasons. You’re kinda stuck with it.
It depends on if it’s purely investment property or if you’re gonna live there. Do you take out a loan or do you have the cash? If you get a load and part of the loan is to include the remodel costs, then you have strict guidelines to follow. Also, are you going to do it or is a contractor going to do it? Are you prepared for hiccups and delays in the project? Are you prepared for contingency and additional money needed to get the project done? Also, have to plan for changes and increases up pricing and material.
I most likely would need a reno loan. Does this get add on to the initial loan?
Coach
Renovation / contract overages
Eg, contractor estimates $70k, but finds a pipe that needs moving and has to add $5k
There are contract methods to prevent this but I forgot what they are
Is there a difference between an architect and a contractor? I have no background in construction work, so I definitely would need a professional.
I always consider my own skills. I found a lake front property with a rehab house recently. I can fix just about anything. There were several 5ft holes in floor. Ants eating the place. It was a tear down. Seller was like it’s fixable. That’s a pass for me. My first house was outdated everything, you could kick the floor tiles across the kitchen but the structure was sound. This second option is more cosmetic. YouTube, some tools, you can probably fix it up over a couple years. If you have no handyman skills, no desire to learn, just rent. I wouldn’t buy a home then open myself to unlimited repair bills from contractors like the TV shows do. They are professionals and don’t always make money.
Keep in mind that some banks won’t fund mortgages for multi family homes. Sounds like it’s not not but not sure how that would impact any refinancing down the line. Not saying don’t do it but just throwing out that nuance can be important to banks.
Don’t pick the lowest cheapest contractor! Make sure you get a good inspector to check the foundation. Make sure you are present when they do it and don’t skip out on this step!! Make sure your renovation includes at least 3 beds and two baths (or more, anything less may hurt resell value)