After closing they split profits 50/50 with you.

Quote from @Michael Beirne: Hi everyone,Some business partners of mine are looking into BRRRRing in the Baltimore market and are looking to find a GC, agent, property manager and an attorney that could help us affordably close on properties.  

I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate. 

The close date comes and passes without notice despite me reaching out. 

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

Very interesting closing! 

Sellers and Brokers need to know you can close. 

Several ways to skin that cat  ;)    With the DSCR lender, you could close directly in your LLC and it would not report to credit.

Congrats on the pending closing!

If you’re In a title state make proof of utility pay off a condition of closing.