
16 May 2024 | 13 replies
Did you notice if they are paid up (is the lender paying them, if so they are being added to the fees, penalties, and interest owed.

15 May 2024 | 2 replies
For instance, is it common to state to pay a flat fee of only up to $x amount in the event the seller does not cover the cost?

16 May 2024 | 2 replies
I asked for a $2,500 processing fee, which was gladly handed over, and the escrow and title company took over from there.

15 May 2024 | 2 replies
It can be a great way to mitigate different risk factors, volatility levels, and earning potential.

15 May 2024 | 8 replies
I would not factor in social security since, if you are in the 35% tax bracket, you are likely already over the social security base.sounds about accurate of 45% to 50%

16 May 2024 | 32 replies
there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps

15 May 2024 | 14 replies
So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.

15 May 2024 | 5 replies
My experience suggests that if cost is a deciding factor, you probably don't need an LLC.

15 May 2024 | 0 replies
I am charging a slight premium over the list price of the house to lock in the price 2 years in the future and giving him 3 options to pay the fee for the option to buy.Option 1: 3.5% Payment for the option to purchase the property within the next 2 years.

17 May 2024 | 25 replies
Thia is so ****ed up to top it off I have been getting state aid to pay my rent and they want to go back 10 months and charge me all those late fees.