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22 August 2016 | 6 replies
Hey @Brandon Blase Look into Low down payment stuff (203k loans - for rehabs, and FHA loans for normal purchases).
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22 August 2016 | 17 replies
If they paid with 3.5% down on an FHA mortgage, and got the loan at the then-market rate of 6%, and made no extra payments, they would still have a remaining balance of $92k.
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22 August 2016 | 3 replies
When you're ready, here are some good DO's and DON'Ts when getting bids:DOWrite out a detailed scope of work that outlines exactly what you want to do.Clearly define what (if any) materials you will buy and what the GC will supply.Get multiple competing bids.Check GC references, call past clients of theirs and possibly even ask to see their work.Closely analyze each bid and ask a lot of questions on things that are not spelled out.Ask each bidder for an anticipated schedule for the work to be completed.Ask each bidder about their desired payment terms.Sign a contract/written agreement with the successful bidder.DON'TWaste people's time if you're not serious about hiring them.Walk the job with competing bidders at the same time.Assume that all GC's will see the work happening the same way.Pay large sums of money in advance unless it's justified.
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22 August 2016 | 4 replies
I simply had a down payment of 25% of the totality of the loan (home price + renos).
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6 September 2016 | 3 replies
How much would it cost and can I include it in the monthly payments by the TB.what costs would i be looking at for a contract review by an attorney?
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21 August 2016 | 0 replies
Is there a specific type of payment method to be used?
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22 August 2016 | 7 replies
I can barely justify the payment the way I'm figuring it, and am hoping perhaps that isn't the way the math should be done.
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29 August 2016 | 15 replies
$125k = seller financing option 1 (down payment?
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22 August 2016 | 1 reply
Welcome to BiggerpocketsYouve come to the right place for help.there numerous threads and podcasts on getting started.Many start with savings for down payments
23 August 2016 | 9 replies
William Lees also what type of funding for down payment is this ?