Othman Zizi
Philly first time investor - New Western
17 October 2024 | 6 replies
@Othman Zizi Following the NAR settlement the way brokerage fees are earned and who is responsible varies transaction to transaction.
Deborah Wodell
Lender Red Flags: Which Lenders Have You Had Bad Experiences With?
17 October 2024 | 16 replies
junk fee's that show up on the hud at closinglenders all offer the same points pretty much but dont disclose junk fee till the settlement statement comes out .. and points is just a bait and switch.
David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
the potential plaintiffs are trying to recruit all investors (probably at the suggestion of the attorney who’d like to of course get as large a settlement as possible) and “projecting” a little as to the state of their lawsuit on social media.
Rob In
Buying 2nd property next to the 1st property
15 October 2024 | 2 replies
I am in the process of settlement on my 1st property in 1 week. i have a 5% down conv loan thru a credit union bank. this a duplex and is a row house. i plan to live in one unit and rent out the other. the seller is also selling the duplex property next to it.
Trevor Hummel
Difficulty with a Cell Tower Lease Agreement for Self-Storage Property
15 October 2024 | 1 reply
Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
That is what goes against the transparency that we are trying to achieve with the NAR settlement in hopes that home prices get cheaper because some desperate buyer's agent will do it for 1%..I am also not for government regulation of every last detail, I have seen that in Europe... but too many wanna-be wholesalers have caused too much damage by not being able to deliver to people that are already in a tight spot
Joe Kern
Hurricane - Advice
13 October 2024 | 6 replies
A good public adjuster can be a game-changer, especially when the insurance company starts offering lowball settlements.
Sylvia Castellanos
What costs do I have to deduct from what I am paid for a property?
14 October 2024 | 19 replies
Then you have other fees like settlement fees, notary, etc that might be like 200 bucks total.Your most expensive expenses are your transfer tax and commissions.In Phila that transfer tax is 4.28%
Corey Crowley
Question about cash out refinancing
15 October 2024 | 12 replies
The settlement agent conducting the closing will be able to share what options there are to accomplish this (quit claim, straight transfers, etc.).
Mackensie Matze
Should I just pay off a renter and call it a stupid tax?
10 October 2024 | 7 replies
Yes, I often mention that you can wait until you are served and then decide to negotiate a settlement with the tenant or defend yourself in court.