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26 August 2024 | 3 replies
@Nick MazziottiA property that needs 10-12 months of rehab won't make it through FHA appraisal
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27 August 2024 | 10 replies
(Typically estimate between 2-3% of the loan amount in closing costs: appraisal, credit report, points/origination, underwriting/processing fees, title fees, prepaid taxes and insurance etc)I am sure there are others I am not remembering
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26 August 2024 | 13 replies
If you don’t, then at least start with an appraisal and go from there. $145k sounds like a good starting point to me.
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26 August 2024 | 11 replies
We also charge an underwriting fee which includes reviewing the entire file, cost for appraisals and credit checks etcYou also can thank your state or federal government for creating additional layers such as licensing for business loans which to me is stupid.
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25 August 2024 | 8 replies
A new roof can prevent potential issues during the appraisal process, ensuring that the property qualifies for various loan programs, including FHA or VA loans, which often have stricter criteria.
25 August 2024 | 3 replies
There is one business in particular that has been very tempting to try and acquire, but I am not sure the next steps to actually go about doing it.Questions like: Confirming it qualifies for commercial real estate loans (SBA), what type of network (brokers/lawyers/etc) would be needed to appraise and finalize a deal, and where to look for that network.
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26 August 2024 | 10 replies
Rental reductions kicked in after close so on an income basis appraisal, i don't see how it would be valued at purchase price, temporarily anwyay.
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25 August 2024 | 10 replies
Investors, lenders, appraisers and brokers alike will need to do further due diligence on comparable sales to determine if and what commission percentages were included in the sale price.
25 August 2024 | 1 reply
Does anyone have any actual data on the return on this component (previous appraisals, paired sales analysis, comparison on new construction with/without rooftop decks)?
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26 August 2024 | 9 replies
Although our home is renovated and was appraised much higher than our purchase price.Any advice?