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2 January 2025 | 10 replies
They remain whatever the original borrower has.When you use typical financing from a lender, you have the lender's hoops to jump through and loan origination fees, the appraisal has to come in at a certain number, oftentimes an inspection or appraisal will kill a deal.
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29 December 2024 | 1 reply
Quote from @Juan Ruben Cortez: I believe the funding fee is 0.5% of the remaining loan balance, plus maybe another $500 - $1,000 in lender fees.
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7 January 2025 | 22 replies
Quote from @Brandon Leffler:I may sell my condos in CA as the HoA's have climbed to 400$/mo I wouldn't sell your condos solely based on HOA fees being $400/mo.
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13 January 2025 | 12 replies
The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.
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3 January 2025 | 12 replies
We’re pleased to share that the tenant paid rent on the 3rd, just before late fees would have applied.
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29 December 2024 | 4 replies
Then at the last minute, I had a strong instinct to pull out and did not follow through.
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28 December 2024 | 13 replies
Both are digital-first banks with minimal fees, and Mercury in particular offers free domestic and international wire transfers for most account holders.
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29 December 2024 | 9 replies
I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.
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15 January 2025 | 27 replies
I usually run several CMAs, with different criterial, and of course compare tax appraisal value with a wholesale price, add 5% as a fee to a transaction, in some cases.
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18 January 2025 | 10 replies
To get to the ARV of $250,000 , I am assuming as follow:Because you spent $15,000 in renovation, I am assuming you increased the Initial value of the property at 30,000 bringing it at $230,000Add a 8.69% home appreciation for one year $20,000Estimated Home Value After 1 Year:$250,000Refinancing Breakdown:New Home Value (Post-Appreciation): $250,000 New Mortgage Amount (80% LTV): $200,000 Existing Mortgage Balance after 12 months: -$158,035 Assuming 3 Months Interest Penalty for Breaking Existing Mortgage: - $2371Total Cash Pulled Out: $39,594, allowing you to recover to pay a portion of your initial investment of $63,548, leaving $ $24,015 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.