distressed neighborhoods in Oakland and hope this can provide a model that can be replicated in other cities." Enterprise and Waypoint will contribute an initial investment totaling $1.6 million in equity, and Citi Community Development will provide a $150,000 grant to fund the first phase of 20 homes.
An Oakland company that touts itself as part of the solution to the mortgage crisis is buying up distressed homes, fixing them up, and renting them out at market rates. Renters who complete a year.
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"It costs them to move, and by the time they get a truck and put a deposit down on a home, it’s disruptive to the family," said David Zanaty, division vice president for Waypoint Homes’ eastern.
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Oakland’s Waypoint cashes in on empty homes home buying 101: 6 tips to Qualify for a Mortgage When You Are Self-Employed How to Qualify for a Mortgage If You’re Self-Employed – The. – Keep all of your financial documentation in order so that you have it all ready to present to your mortgage lender when you reapply.
Much impressed by the perceived success of the reo rental schemes, investors channel funds into the developer’s operation to enable it to expand locally and nationally. [For more information about recent REO rental ventures in California, see the February 2012 San Francisco Chronicle article, Oakland’s Waypoint cashes in on empty homes.]
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aboutagent: untitled Oakland’s Waypoint cashes in on empty homes Home purchases by institutional buyers reached a record high in September and all-cash. All the homes have been converted into rentals." daryl dennis spends his days helping investors do that.