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2 September 2016 | 6 replies
You will have to have a broker sponsor you, you will have MLS dues, you will have other misc fees that this industry loves to charge us :-)Decide whether it's worth the hassle to do it yourself for just find a good agent who understands investors and will work with you.
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7 September 2016 | 6 replies
I have one lender that would like to speak to me about my assignment fee.
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1 September 2016 | 3 replies
Hey Everyone, Talked to my mortgage broker today to see what kind of property i would qualify for with a conventional mortgage, and she said something that I wanted to verify with everyone.A couple of properties I am looking at are Condos, and they have an association fee associated with them.My broker pretty much cut me off and said, any unit that is part of a "Condo Association" will not qualify for a convention mortgage on an investment property.
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4 September 2016 | 9 replies
If you are considering fix & flips in most cases you will need between 10% - 25% down and rates can be 7% - 15% with 4 - 6 points plus closing costs and fees.
1 September 2016 | 1 reply
You will need to know any taxes and insurance cost along with any management fees, utilities or lawn care you have to pay while owning, along with taking repairs and vacancies into account.
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1 September 2016 | 1 reply
I wanna make up a number report , i wanna know where would i find the holding fees and closing costs ?
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25 August 2017 | 12 replies
Some states have transfer fees, etc.
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2 September 2016 | 4 replies
No points, no junk fees, no credit score requirement, and no interest charged on amounts not funded.
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3 September 2016 | 23 replies
The fact that you are trying to hide behinde a multi-member LLC and had to switch brokers until you found a small flat fee outfit that does not have a compliance department that really understands the legal implications should be a red flag to yourself.
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13 September 2016 | 6 replies
Only to find he had been a member for only a couple of days and his contact info was hidden.