All Forum Posts by: Nina Erlandson

thank you for the link! Nope - no issues with the remote option. Covid definitely opened our perspective on the way things can be done. 

I have used and am using NCH and to me, the cost of their services is worth it you have 10+ properties. Consider how much equity you have in each property and also your insurance too. NCH is offering a safety net. They have a lot of knowledge and skills but they are expensive. Also if they make a REPT they just draft the papoerwork, you are responsible for notarizing and finding a title company to record it - so add about $200 to the cost they are giving you. For smaller projects, I prefer working with local companies that do everything for you and just send you the recorded paperwork in the mail. DM me if you have a specific question. I will be happy to help. 

Hello awesome BP people,  I am in need of a great tax strategist for the KCMO real estate market.  Big thank you for any referrals you send my way! 

Hi there! Are the events still going? I would love to join! 

 Hi Philip, which insurance company did you end up using? I am in the same situation and they all look way too expensive!

Hi BP people, 

Would you happen to have used or know of a great licensed plumber in the Cleveland area? I have a SFH on the west side with a collapsed sewer :( yay :(

So about 2% in origination fees. Because of the increasing interest rates some banks won't even give investment loans without charging points, which is crazy, but still a reality. Appraisal seems high to me for a SFH but it might be the area too. I would get a second and a third opinion just to make sure you have made the right choice - it is a big investment. The banks were overstaffed from just a few months ago and are moving so fast that I head of a conventional loan closing in 10 days! My point is that if you find better terms elsewhere - you can still close within the time frame you and the seller agreed upon, or just have an addendum signed and extend the closing date.

Wow! This is insane! I am not a lender, but I pay about 2% in origination fees and other costs are not much - because that's pretty much them collecting money upfront for escrow for property taxes and insurance. I know taxes are super high in TX, so maybe that's why the other costs are so high. The bank is required to give you a disclosure document, which details each line item and its cost. I am super happy with my lander, so if you want me to DM you his info - I can get you connected.