When funding your real estate deals, do you prefer PMLs or traditional bank financing?

Hi,My name is Michael and I’m pretty new to this real estate investing but I am fully committed to it.

Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.

As Greg said, as soon as they owe you money, file notice to quit and any rent that comes in after that is put towards the monies owed first.Under no circumstances would I extend or renew their lease. 

The other option is simply charge them $X (equal to one month's rent for example) and if you find a new tenant sooner, then keep all of that money as it is a fee for breaking the lease vs the first where they are paying rent.

Real Estate has always been a goal of mine since getting out of high school 2 years ago, however I never knew how to get started or what field would be most suitable for me.

My name is Pete and I'm looking forward to buying rental property income in the near future as well as increasing my knowledge and education in real estate.

These areas offer a good balance between proximity to downtown and a more suburban feel, often with newer properties and stronger rental markets.At Neu Real Estate Group, we specialize in new build duplexes designed specifically for investors like you.

You are better off hiring a personal assistant or real estate assistant to help you.

Real quiet, no windows.