Trevor F.
Financing for Multiple 50k Properties
26 November 2021 | 6 replies
Properties may appraise for more than what i bought them for but i am not relying on that avenue.
Jesse Goswick
Estimating closing costs
25 November 2021 | 5 replies
$200,000 Purchase Price 80% - $160,0002.5% Origination - $4,000Lender Fees - $995 Legal $995 Processing $300 For Credit/Background/Wire/ Assignment Fees Total - $2,290Total Closing Costs Less Appraisal and Title Fees - $6,290With The Appraisal and Title Fees - 8k+ or 5% Of The Loan Amount
Nathan Mckenna
House hacking strategy
24 November 2021 | 3 replies
I don’t want to lose by due diligence money and pay for an appraisal just to have the financing fall through.
Benjamin Lang
(Calc Review) Appraisal came in 85K lower than purchase price.
24 November 2021 | 2 replies
and you're worried because the appraisal came in at $515k?
Katherine Tilley
FHA or Conventional 5% with No PMI
1 December 2021 | 4 replies
And the appraisal process for conventional is less stringent.
Jasmine Russell
Reflecting of your first project
25 November 2021 | 2 replies
New appraisal was 130,000.
Jason Crowe
Creative Financing with Non Private or Hard Money Loans Or SF
24 November 2021 | 0 replies
Im a realtor and an appraiser trainee half way through my traineeship, and an investor who tanks on the challenging properties.
Joshua McMillion
VA Construction Loan: Can you build small residential multifamily
26 November 2021 | 5 replies
Joshua, I'm a retired RE Appraiser.... you used to be able to build a duplex up to a 4-plex with a VA and FHA loan.
Kyle Hendrix
First Investment Property: $600/mo Cash Flow!!!
11 December 2021 | 12 replies
Appraisal came in $1,000 over purchase price so both parties felt it was a fair deal.
Steve Dudeck
How will a bank decide the amount to lend?
26 November 2021 | 2 replies
The appraiser will use comps to determine the value and lenders will fund the lower of the appraised value or the purchase price.