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Results (10,000+)
Abou C. How to close on wholesale deal?
5 September 2016 | 3 replies
A closing attorney will order the title prior to scheduling a closing, and should offer you title insurance
Chris T. Using a 529 plan disbursement to pay for a rental
26 September 2016 | 15 replies
If so, it would be a way to insure that I am not over contributing to a 529 plan if she is able to get a scholarship and also a way to reimburse myself for the rental property using tax free money.  
Bill Renner Getting your license
6 September 2016 | 3 replies
Becoming an agent has costs to operate Day 1 which includes: additional car insurance (required to drive people around), licensing fees, dues (state and national), fees to operate a Supra key, to be on MARIS (MLS), prepaid legal fees, etc.
David Cornett Reasonable terms for seller financing
4 September 2016 | 10 replies
And talk about predatory, points on my sale price, not good.As to originations, there are many RMLOs out there who think they are compliant in doing seller financing, actually not from several fronts, their employer/broker must have such loans in their charter, insured and bonded lenders aren't covered with equity funded notes, and if they do any volume they may have loan concentration issues of high cost mortgages, this goes much deeper than what our newish loan originator testing goes to that they learn and it doesn't even go into underwriting!  
Derek Kerley Onsite Manager wants a salary onto of lot rent/utilities/cable
3 September 2016 | 6 replies
Yes, as far as a PM, you are pretty safe figuring 10%, but a few phone calls to different ones in the area will give you that answer. and Jeff Beard brought up a good point as well, you will have to figure in the taxes and comp insurance for your employee.
Sam Heck Insurance cost while flipping a vacant home
18 January 2017 | 4 replies
I've been getting some quotes for insurance and the premiums are very high.Quote 1 - Vacant Dwelling Policy from Evanston Insurance Company. $1200 for 3 month term                $160K Property Value (incl. improvements), $300K LimitQuote 2 - Builders Renovation Policy from Lloyd's of London. $917 for 3 month term                $80K - Property, $300K Liability, $1K deductibleBoth seem very high and I can't even use quote 2 because I am not using a licensed GC.
Alexander Barcenas New Member from Miami, FL
3 September 2016 | 4 replies
Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.
Samantha Klein Cash out refi for down payments on more property?
3 September 2016 | 9 replies
It will help if you have a document to show your properties, each mortgage, and each rental income.
Anna Dube Moving into rental property as residence after capital upgrades
4 September 2016 | 1 reply
You should keep documentation that the property was actively advertised for rent during the time the repairs were being performed.You are allowed to move into a rental property anytime you want to make it your personal residence.
Schuyler Ream Need advice on dealing with clever selling agent trying to cancel
3 September 2016 | 3 replies
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