Luxury Homes

What should I do with a dollar-dollar mortgage with 150k?

I am an investor and continue to come through $ 1 MILL most luxurious houses in my area (So. CA). Who are special. Some are about 150 thousand shares in them? Until now I had to spend on them, any ideas?

It's hard to say. You do not indicate if they are scavengers or simply distressed sellers. If this is a rehabilitation center probably would not. People at this level have an expectation that when they go to spend that much money. Not much margin for error is not and when you do a detox, you never know what you discover. You should also take account of the exploitation and marketing of the closing costs / (typically 15%) so you can see the reward the risk is not really there. Do you have to get a new mortgage for that? This equity cut a little if you are financing 100% ONO. As investor real estate and houses, always looking for the best deals on "comments and that if she really would not be in the market, provided that you may have. The houses were in this price swing are much more price wise, if at the end of the day, you may be paying retail. But since there is a slight play in the price, go her $ 150K on that. This represents approximately 70% of retail and then you have an agreement that you have many options on how to make money investing in transaction. Meet the criteria for the property when it is doing: what is and is not much. Consider your neighborhood and price. Ultimately, you can do much more than houses at lower prices, but with little risk.

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