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2 October 2024 | 11 replies
Heres the numbers: Borrower(s)Subject PropertyRate Not Locked 9/30/2024 Sales PriceDown PaymentLoan Amount30 Year FixedContract DepositSeller ConcessionNMLS# $670,000.00$167,500.00$502,500.007.000% $0.00$0.00 Bank Origination Charges Estimated Title / County / State ChargesOrigination Points % $ - Owner's Title Insurance $ 4,415.00Discount Points % 1.500% $ 7,537.50 Lender's Title Insurance $ - Underwriting Fee Title Search $ - Appraisal Fee $ 650.00 Title Services $ - Credit Report Services (1) $ 299.00 Alta 8.1 $ - MERS Fee $ 25.00 Recording & Transfer $ - Flood Certification $ 8.00 Notary $ - Tax Service $ 85.00 Settement Fee $ - VOE Fee $ 150.00 Total $ 4,415.00 Total $ 8,254.50 Prepaid Interest / Items Potential Additional CostsPer Diem Interest 15 Days $ 1,465.63 Rental 1007 $ 250.00Home Insurance $ 1,800.00 New Survey (if applicable) $ -Flood Insurance $ - 2nd Appraisal / Reinspection $ - Total $ 3,265.63 Total $ 250.00 Escrow and/or Property Taxes Due Total Estimated Monthly PaymentsTotal Insurance(s) 3 Months $ 450.00 Principle and Interest $ 3,343.15Property Taxes 4 Months $ 2,868.64 Total Property Taxes $ 717.16Total $ 3,318.64 Total Insurance(s) $ 150.00 HOA / Maintenance $ - Monthly PMI $ - Total $ 4,210.31Total Estimated CostsEstimated Closing Costs $ 12,919.50 Estimated Escrow Prepaids $ 6,584.27 Estimated Funds To Closing $ 187,003.77
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1 October 2024 | 13 replies
Those creative strategies are fantastic, but also, they are very advanced and not easy to find those types of deals in the Denver metro market, especially without a track record.
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4 October 2024 | 39 replies
Open to any state as long as I can make money and grow.Hey Bacongo, as an investment property agent in Tampa, FL, I can tell you firsthand that the market over here hasn't even hit its stride, and we've seen record-breaking growth over the past 5 years.
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30 September 2024 | 1 reply
I've used all the contacts that I can find through public records, but have had no success.
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30 September 2024 | 4 replies
This would ideally include a video doorbell with an app that can manage both and see the cameras/recordings for both systems.
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1 October 2024 | 8 replies
Either this warranty deed is held in escrow where it will be destroyed upon payment in full of the note or recorded if the loan is in default; or the warranty deed is recorded and will be rescinded if and when the note is paid off or at some mutually agreeable milestone is reached.
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30 September 2024 | 4 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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30 September 2024 | 9 replies
IThe detailed engineering approach from actual cost records, also called the “detailed cost approach” or “direct cost method”, uses cost information from contemporaneous construction and accounting records.
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30 September 2024 | 5 replies
Not a fan of loan guarantor fees in general.Sponsors track record in these types deals across multiple economic cycles (when I see these types of deals, I mean acquiring new construction multifamily in the area)I am sure if I saw the deck, I would have at least a dozen more questions.
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26 September 2024 | 10 replies
We are going under the assumption we would sell the home after they pass so as to not be seen by siblings as making money off the situation.