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10 September 2017 | 6 replies
If you can't get the lender to agree to a sales price and terms then there's no point in doing an appraisal and survey and paying bank fees.
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27 March 2020 | 9 replies
They are super competitive, but right now have tightened their guidelines and tacked on a 4k fee for any loans originated after 4/7 (if someone is viewing this thread in the future, this current timing is the beginning of the shutdowns from COVID-19).
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11 September 2017 | 2 replies
There is not a "fee" for financing an investment property, so the closing costs would be the same but the rate it about .5 higher (or so).
10 September 2017 | 1 reply
I read that cash out refi is only worth it if the interest offered is lower than the original one. do you think I should accept this option, considering that i also have to pay the refi fees?
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12 September 2017 | 4 replies
. = $5510% MGT fee = $110Mortgage = $253, 20 year amortization @ 5% Taxes $116 per moInsurance $75 per mo total = $719 per mo2% rule = 2.20%Capex = 15%CoC = 33% (turn key, est rehab to be $1000-1500 - new appliances, needs a few new doors) , $2000 closing costs, $10,000 down payment) The duplex does only have 1 furnace and 1 water heaterMonthly cash flow = $381 Am I missing anything?
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13 September 2017 | 11 replies
I have American Home Shield, and when my tenants HVAC unit went out, I only had to pay a service fee of $75 for the whole unit to be replaced.
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11 September 2017 | 2 replies
In these cases, the ownership is split, you have "fee simple ownership", and they have "equitable ownership", which is what you quoted from the state law.
14 September 2017 | 2 replies
i.e. area's, number of bedrooms etc.Estate agents wont be too forthcoming with introduction fees but an off market source of property should be able to reward you.
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12 September 2017 | 7 replies
@Robert FreebornFirst year:Real Estate Course: $420 (Rockwell), there are cheaper schools out there.Written Test: $125Finger Prints: $30Realtor's Union dues: $620 (Optional depending on Brokerage)NWMLS dues: $480Supra: $75 activation + $15 a month = $255Office fees: $65 a month or $780 (Will vary depending on Brokerage and Model)Total: $2,710 Additional Cost:Signs: This will vary depending on Brokerage and if you are on a team or notBusiness Cards: Depends on what you wantEvery two years after that you will have a certain amount of CE that you have to accomplish, but if you take advantage of free education hours put on by Title Companies and other outlets, you can reduce your cost. *** Fact ***If you sell one house a year, it pays for itself...
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11 September 2017 | 18 replies
I agree that it's a good thought to keep it in your name because of the re-connection fee, but if the water gets turned off due to the tenant not paying, that's the tenant's fault.