We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Lastly, it could be that the bank is going to portfolio your loan at below-market pricing because they want the entire banking relationship (deposits, transaction processing, consumer lending, etc) or simply want the risk (yield).Lots of local and regional banks have been retaining loans at really aggressive pricing recently as the current environment makes this favorable for them.

I have no experience in real estate but am excited to get started.

There is no free ride!

It's a bet on the future appreciation, maybe generates enough income in the meantime to pay taxes and insurance, chances are no cash flow. 

@Angela DoyleA few things to considerType of wash- I’m guessing these are self serve with the spray want or in bay automatic where there are no employees needed.

As far as a company to use for skip tracing, find one that has flexible pricing and no high-volume minimums if you're just starting out.

In terms of maintenance cost and liability the PB Court is a no brainer.

No answer fro Antoine or Eric, after their lender who they introduce me Mino Lending, puts extra fess on the day of the closing.