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Results (10,000+)
Angie Y. Process for adding a roommate
13 February 2024 | 3 replies
This is fine with me, however I'm wondering what the process would be.
Monir Badeer Out of state properties
16 February 2024 | 27 replies
The hardest part about section 8 is getting the process down, like what to do and when.
Chad Helms New Build / Realtor Commission Question
15 February 2024 | 3 replies
The realtor is making commission on the lot which is now under contract.Points to consider - we have a sales team and process that doesn't require realtors, but usually work with them on land deals. 
Kyle Neff Potential 1st Commercial Property - Need Creative Financing Ideas
16 February 2024 | 2 replies
It's not uncommon for sellers to stick to their original asking price, especially if they see the value in a straightforward and faster sale process without the additional fees that come with broker involvement.
Shannon D. Looking for a Good Lawyer for Small Claim Court
15 February 2024 | 1 reply
Hi Shannon, I don't have a recommendation but I will say that the small claims court process is very simple to do yourself, and the court staff is usually very willing to help out.
Will Seaman Looking for DSCR Cashout Refinance help and advice
16 February 2024 | 4 replies
DSCR REFI qoute loan amount: 112,000rate: 8.99points fees and cost: 11,576cash out value: 16,424Bridge loan. 84,000 interest only 12 months at 11.99% property will rent for 2000 at a 1.76 DSCR score. thank youThe low loan amount is driving some of the cost and limits the lenders that will take it, but we just closed a similar loan (94K) and the total fees were:3 points or $2,820 to US Commercial-no additional fees like processing etc... came to us.Lender's underwriting fee $1,395Lender also charged interest reserves for $2,820Appraisal to a third party $550Credit report to a third party $45Hazard insurance for $1,733Escrow for taxes and insurance (just 3 months were required) $687.98Title charges equaled $2,702.75 which included a the government recording charges and a mobile notaryAll of those total up to $12,753.73. 
Shak F. Liability insurance recommendation for the investment property
15 February 2024 | 5 replies
Hello BPs, I am in process of closing an investment property.
Chris Brall Lake county building department
15 February 2024 | 2 replies
I rehabbed a home and was caught without building permit I went through the process of getting a permit but my original plan needed a variance after the process and being denied the variance at the board meeting I decided to change the plans to build the structure in the same footprint and received two building permits.
Zak Cooper Creating the ultimate Seller / Owner Financing Checklist
16 February 2024 | 5 replies
This is particularly important if the buyer plans to change the property's use or develop it further.HOA (Homeowners Association) Documents: If the property is part of a homeowners association, include the HOA documents, fees, and any restrictions.Right of First Refusal or Buyback Clauses: These clauses can be beneficial in certain scenarios, allowing either the buyer to sell the property back to the seller under specific conditions or the seller to have the first opportunity to buy back the property if the buyer decides to sell.Amendment or Modification Clause: This clause allows for changes to the agreement, should both parties agree, to accommodate unforeseen circumstances or adjustments in terms.Record Keeping and Escrow Services for Document and Payment Handling: Ensure there's a clear plan for how documents will be stored and how payments will be processed and recorded.
Chandler Calvert Anyone heard of Corevest?
16 February 2024 | 9 replies
I started the process of a portfolio loan with Corevest and ALMOST closed with them, but due to me being a foreign (non-US) national, they were demanding a lot of things like cashflow management (all rent goes to them first, I had to ask for draws to pay for repairs), they wanted monthly reporting, and they wanted me ask my property managers to sign away their right to be paid management fee first (basically Corevest wanted to be paid before everyone else).