Joel Mitchell
Help me analyze this deal
6 July 2018 | 21 replies
That is not including the 1% lender origination fees. also 500 appraisal fee and then there is the settlement fee from your title company and the title insurance. so 2000k for closing seems really low.
Frank S.
LLC and Eviction in Chicago
6 July 2018 | 12 replies
Maybe you'll be able to negotiate a settlement with the other party at that point.
Jerry Gordon
Can you get lenders on here?
29 June 2018 | 1 reply
Most people buying investment properties frequently establish long term relationships with a lender to save them from having to resubmit the exact same paperwork over and over again, and to keep things smooth, etc.If you're trying to close while physically overseas, I'd also start looking into settlement service providers, sometimes called a "title company" and sometimes called a "settlement lawyer" depending on the state the real estate is in.
Chris C.
What to do with sellers concession
29 June 2018 | 2 replies
If this is a concession, then it should be a credit at settlement and there would be no need for escrow as @Mike McCarthy indicated.
Robert Howard
Banks origination fees
13 July 2018 | 4 replies
Fortunately for me, the lender dropped the fee cuz he missed settlement.
Burt L.
How to Safely Close On 4-Plex Owner-Carry During Tough Eviction?
2 July 2018 | 1 reply
As the settlement statement current is, I am withholding $5K as a security deposit until the seller vacates in 30-60 days with a post-closing occupancy agreement, before I knew of the problem tenant contesting a pretty clear-cut eviction process for non-payment.
Ryan Dossey
$50,000 + in Damage is a HUGE Win!
27 July 2018 | 26 replies
Once all the repairs have been completed and all invoices have been submitted, the insurance carrier will finalize their subrogation demand to recover their settlement & your deductible.While there are a few comments discussing the issues with insurance coverage & premium surcharge, the size of this loss warrants filing an insurance claim and illustrates the benefits of insurance.
Sonu Sharma
Recurring Foundation Problem
8 July 2018 | 7 replies
The high density polyurethane as mentioned in the other posts is much lighter than a cement/mud mixture making it less likely to cause additional settlement due to the weight, another benefit is that it expands and compresses the soil underneath it to a certain degree.
Jonathan Dickerson
Back Rent Collection From Vacated Tenants
5 September 2018 | 11 replies
Their plan is to move out now and repay the missing funds after they receive a settlement from a slip-and-fall they had after the HOA didn't properly maintain the parking lot which turned into an ice rink last January.I'm trying not to gouge anyone going through a REALLY rough time, but what is the process for collecting the back rent from Mom & Dad and/or The Daughter?
Cal Rohrman
Over 80 liens on 5 units!
10 July 2018 | 5 replies
Maybe try to get a statement for each property (adjusted to closing date) for the liens and have them paid out at settlement?