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25 October 2024 | 0 replies
Sure, the median time to contract jumped from 21 to 35 days, but with 95% of the original list price still being met, realistic pricing and a great presentation can seal the deal.Townhomes & Condos: Options Galore and Room to NegotiateTownhome and condo sales saw a 17.8% dip, and cash purchases dropped by 8.1%, showing a bit of a shift in the buyer pool.
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27 October 2024 | 13 replies
Is there a reason you want to invest in real estate beyond your original statement?
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23 October 2024 | 8 replies
I've been interested in Real Estate for a long time now, was even a loan originator at one point.
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23 October 2024 | 4 replies
We are all familiar with buying or originating a note and collecting the interest until the notes pays off.
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24 October 2024 | 12 replies
This means that the principal balance of your loan is 78% of the original value of your home.
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24 October 2024 | 1 reply
Partner financed the original purchase price, we refinanced using a DSCR loan with no money down from my end.
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24 October 2024 | 2 replies
I am from this area originally.
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28 October 2024 | 12 replies
That said, lenders may allow these transfers without triggering the clause as long as the LLC is owned by the original borrower (you).For your question about which account to use for the down payment, it generally makes sense to pay from your personal account, especially if the mortgage is in your name.
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23 October 2024 | 1 reply
Talk to the current owner to see how long the leases have been in place and the look up local laws to see what happens when the original lease ends (typically 1 year) and what happens if no end date is stated.
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24 October 2024 | 5 replies
As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees.