If you’re nervous tell people you have to meet the pet but I wouldn’t automatically assume smaller equals better and larger equals worse. 3) If landscaping is the dealbreaker just pay for it.

A little background information in case it's important: there are 3 partners holding equal ownership in the LLC, only one of us lives in MI.

Draw schedule to be agreed upon prior to closing.Term: 1 YearFee to Lender: 2.5 points – ($13,125 paid at closing from loan proceeds).Interest Rate: 11.5% Interest-Only billed monthly on outstanding balance.Interest Reserve: $15,000 – approximately 6 months interest, paid at closing from loan proceeds.Once interest reserves are depleted, borrower to make interest-only payments monthly.Pre-Payment Penalty: Should loan be paid off prior to interest reserve funds being depleted, a pre-payment penalty will be charged equal to the amount remaining in interest reserves at time of payoff.Loan 2: Loan amount 490,530.60Lender Points: 3%broker points: 1%rate: 11.99%Term: 12 months (interest only)Prepayment penalty: NoneProcessing fee needs to be wired before LOI can be issued

The scale of economy in this route is very appealing and offers a different kind of stability and growth potential.I’m equally interested in both options.

This means that your monthly rental revenue should ideally equal at least one percent of the whole cost of the property, which includes the purchase price as well as any necessary modifications.

The opening bid, submitted for the Forfeited Land Commission, will be equal to all delinquent taxes, penalties and costs due plus the current year's taxes due.

Hi Ran, I don't charge security deposit to my tenants, instead I have a non-refundable move-in fee that is almost equal to half the monthly rent.

Also, a heads up that a typical loan assumption will take 60 - 90 days on average, so be prepared for a long closing period.In our current market we have seen home values decline since 2020/2021/2022 so there may be some motivated sellers out there who need to sell but their loan is now greater than or equal to the value of their home. 

Paying down $500 extra on two loans at the same interest rate is exactly equal to paying down $1,000 extra on one loan. 

As long as the amount approved is more than or equal to the price you're buying then you're fine.