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29 April 2024 | 9 replies
- Most offices have their own hourly employees who perform closings as part of their regular jobs.
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26 April 2024 | 2 replies
Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7k and plus monthly mortgage insurance... in 2020 there was not just a thing 2% of the loan on mortgage origination loan fee!
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28 April 2024 | 20 replies
The cause for concern though is what if I don’t WANT to pay off that mortgage (like in an owner financed scenario) or if I just change the title to my LLC after closing - would the lender call my note due?
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29 April 2024 | 0 replies
Purchase price: $215,000 Cash invested: $75,000 Sale price: $336,700 Active in MLS for only 3 days before accepting offer - closed for a $46,700 profit!
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29 April 2024 | 6 replies
Investing in Oil and Gas is somewhat of a gamble.The way that I see oil and gas investments have one of two likely outcomesA) Lose all or close to all your moneyB) Get 10X your investmentTo answer your question you can potentially do a roth conversion and offset it with oil and gas investments.
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29 April 2024 | 4 replies
While the 10K you have will likely be enough to close, where are you going to get the money to rehab the house?
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28 April 2024 | 14 replies
Wholesaling is getting a contract signed below market value and selling that contract to a back-end buyer.The fact that wholesaling is saturated has nothing to do with the difficulty to do consistent deals and close these deals and make money.What IS saturated is marketing.
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29 April 2024 | 23 replies
When selling a flip I do buy down and/or money towards closing VS lowering the price This keeps the price higher so when I sell another flip in that geographical area, the appraiser uses the higher sales price as a compFor an agent it’s better as the seller pays a slightly higher commission
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29 April 2024 | 3 replies
(There are even some who believe that the seller providing a loan to the buyer will disqualify the exchange entirely, but that's not been our experience.)The most straightforward solution is to have the seller provide a cash loan to the buyer outside of closing.
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30 April 2024 | 57 replies
The notary keeps a copy in the closing docs anyway so there’s no avoiding it.