Ahmad Moore
Cash Out Refinance
26 June 2024 | 45 replies
Rent comp data is not as easy for the appraisers to capture as sales comp data is so they often make errors on this.When I run into this issue with my clients I ask them to send me 3-4 rent comps in the area to dispute.
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
25 June 2024 | 8 replies
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?
Chris L.
How can I learn Yardi?
24 June 2024 | 26 replies
We actually were one of their first clients when they only had the dos professional version.
Kaushik Sarkar
Primary residence sale within 2 years
25 June 2024 | 11 replies
If it’s $50k you pry pay the $12.5k in taxes.
Linda Roberts
Handling last month rent, how to charge the difference?
25 June 2024 | 5 replies
I want to prorate it to the current rent and ask them to pay the difference.
Justina Sirohman
Rehab Estimations in Cleveland, Ohio
26 June 2024 | 15 replies
As you start to build a relationship, I've had success paying contractors for quotes until you do a job with them.
Bruce D. Kowal
Here's what retirement looks like when Real Estate is your 401(k)
25 June 2024 | 3 replies
Just use archive.ph for any pay wall articles.
Account Closed
Any way to verify other offers on a property?
25 June 2024 | 11 replies
Sure got their attention.Your agent should be in your corner so push for information - - tell'm "I'm paying you to keep me informed".In the end, there's just no way to see/find such information.
Seo Hui Han
Property Management in Large Multifamily (40-100 units)
25 June 2024 | 7 replies
If you aren’t an experienced investor, most bank will require you to hire a professional pm company to oversee and manage the daily operations of such.Do you actually think that the PM company could afford to pay a manager out of the 4-6% they receive???
Brandon Gall
One tenant wants to break lease without telling the other
26 June 2024 | 5 replies
You could tell her to give 30 days' notice and pay the penalty to break the lease (assuming it is not domestic violence as there are local laws around leases in that instance), but that he has to be on board as they both have to be out.