Jobin Cherian
Duplex in the studs but location is in flood zone
29 January 2024 | 3 replies
It is in the flood plains and due to us doing "significant" rehab. they require us to have the property above the 100-year flood plane and we have done the elevation survey and all and based on that report, it would require 30 inches above.
Frank McGovern
closing costs in wholesale deal
29 January 2024 | 16 replies
That would need to be specifically addressed in the assignment though.Now it is common that in most real estate transactions that certain fees/expenses are paid for by the buyer (lending fees, half the escrow fee, appraisals, inspections, survey, and attorney fees for the deed of trust) and certain fees/expenses are paid by the seller (title insurance, half the escrow, prorated taxes, prorated rents, deposits, and attorney fees for the deed).Now it is common that in many wholesale transactions, the contract states that the buyer is elected to pay all closing costs.
Violet Lisa
Applicant did not disclose their emotional dog
29 January 2024 | 40 replies
If you do call, I doubt you will be able to get much out of it since the applicant only had to fill out an electronic survey to obtain the certification.and yes many of those web sites recommended to their users to not disclose initially then bring on the animal later as a surprise and say "oh, it's not a pet".
James McGovern
Results of an Informal Survey - are you seeing the same?
24 January 2024 | 7 replies
I did an informal survey of multifamily apartment owners and asked them what characteristics of tenants are the least likely to get evicted.
Dee Mandrekar
What due diligence to do while purchasing land from Owner directly
25 January 2024 | 2 replies
owner does not have survey of the land.
Charwak Gummalla
Own land - want to subdivide and joint venture with builder
25 January 2024 | 7 replies
Talk to survey companies.
Chad Nabors
New Construction Duplex
24 January 2024 | 12 replies
Learning blueprints and surveying land was a huge step.
Alexie Franck
Closing costs from 13k to 17k for $380k NJ home
23 January 2024 | 11 replies
Line 2 Survey...is that needed in this instance?
Susie C.
First DSCR - Are these costs normal?
24 January 2024 | 16 replies
This gives you a method to really compare all the total costs.State specific- tax stamps/recording/and title vary on location but should only be the real actual in that city.Appraiser will do a rent survey 1007 form another $150 -250SFR appraisal $450- 500 units more$350000 sales price SFR with 20% down your PITI at 7% is $2331 If your FICO is 721 APR at 7 is 7.599 MARKET rents need to be more than $2336 if there is no HOA, no flood insurance, no special hazard insurance- get a quote for the fire insurance TODAY!
Chris McCarthy
Seeking Guidance on Starting a Real Estate Project
23 January 2024 | 0 replies
Should I start with getting the land surveyed to understand its boundaries and potential challenges?