Our first event may be geared toward beginners but I’d like to have discussions at all levels & all different topics.It will only be 40 minutes long max, because that’s what my Zoom account is set up for.See our announcement on Bigger Pockets here:https://www.biggerpockets.com/...I’ll be discussing some of the most common questions people have about real estate.

So if they can get guaranteed 5% interest in an account they can get their money out of at any time they’ll want 8-10-12%. 

Expect to pay 4.5% once you account for village, town, school and county taxes. 

And Scott's answer would be: because no one who wants to buy a house in those areas has 40,000-50,000 cash sitting in their bank accounts.

She has some stock (maybe 50k), some retirement IRA of around 100k which I believe she has started to take and then maybe 20k in her savings account.

A lot of rehab lenders will account previous reno expereince when it comes to terms.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.

My suggestion to consult your accountant or tax prepared referring to points which also know as loan origination fee and interest rate how this will affect and will this be an advantage for your business?