Most likely when seasoned professionals started out, they were guided and mentored by people who were levels ahead of them.

It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.

This form is sent to the borrower, investor, and the summary form is sent to the IRS.Other fee for services may include door knocking, bankruptcy research and filing of proofs of claim, providing credit reports, workouts with borrowers, loan modifications, short sales, REO (Real Estate Owned) management, inspection services, foreclosure management, etc.SERVICER OF RECORD OPTIONA servicing company may also offer you the opportunity to do your own workouts with the borrower while using their license as “insurance” (this is what we meant by “insurance reasons”).

The LLC is owned by my revocable family trust that my wife and I are the only trustees of (have a certificate of trust that can be provided).* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date:  05/10/2024Purchase Price:  $85,000Rehab:  $31,000ARV:  $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent:  $1,450 / month (just listed so no leases yet. 

I’ve had instances where lenders have only charged me a penalty on payoffs but it’s really case by case.

Originally posted by @Andrew Postell:3.

Increase the # of properties that you are underwriting by networking with wholesalers, scouring the MLS, and even going Direct to Seller yourself. 

Coupled with Louisville’s vibrant cultural scene, which includes the Kentucky Derby, the Muhammad Ali Center, and a burgeoning culinary landscape, it’s no wonder the area continues to attract both new residents and tourists alike.Tax Advantages: A Game-Changer for BusinessesAs if these economic drivers weren’t enough, Kentucky has recently made a bold move by eliminating income tax.

By no means do we believe this to be the "magic solution" or believe anyone selling a course will turn us into an overnight success.Has anyone gone through this course, or know anyone that has, and can provide any feedback?

More information- a place near by rents out to weddings for $1400 for one day, it’s about double the size and nicer.