Stephen Kleyn
Commercial real estate mentor. Is 50% until $500k a normal cost?
3 February 2024 | 20 replies
Made that back in my first syndication fee 🙌 weekly
Tony Pellettieri
Possible Private Lending solution to a friends HML in default? - Please Advise
31 January 2024 | 10 replies
Factoring in the cost of the foundation to the amount quoted to complete construction, I estimate his overall construction costs to be $154/sqft.I spoke with my GC we use for our Rehabs to see what he would charge to complete House 1 and Build House 2.
Kevin S.
Choose one or more lender for loan approval?
2 February 2024 | 2 replies
He (of course) told me it's better to go with lender directly because there is no third party to deal with, things go faster, they know what products they have, they have all products suited for all type of investors, they have the ability to tweak underwriting since they are the lenders, less cost to me since only lender fee involved vs broker fees plus lender fees, so on and so forth.
Daniel Allen
Double Closing- End buyer has conventional loan
2 February 2024 | 3 replies
I ALWAYS tell the wholesaler to make sure they are transparent with the end buyer and their lender because MANY times if they aren't transparent about the double closing then the underwriter will catch it last minute and bring up the fact that the current deed holder isn't the wholesaler and that will kill the deal many time.There are some underwriters that don't catch it and things go smoothly.Then there are some conventional lenders that aren't familiar with the process and think it's fraud and won't lend on it.So sometimes I inform the wholesaler to let the end buyer go direct with the seller, do a single closing, Increase the purchase price by the amount of the wholesalers spread and put the fee on the SELLERS side of the HUD because the lender WILL NOT pay for the wholesalers fee, but if it's wrapped into the initial AB contract (now between the seller and end buyer) then the wholesalers spread isn't brought up, it's merely a line item on the SELLERS side HUD and nothing to do with the conventional lender and it will close "100%" of the time because it's a normal ordinary closing to that lender then.
Tony Pellettieri
Whether or not to utilize wholesalers & Other methods of deal sourcing when scaling
2 February 2024 | 3 replies
If the seller would agree to sell us the property prior to it being listed, at an agreed upon price using a closing/title agency to complete the transaction, we will pay the realtor a finders fee.2.
James Bavaro
Open Permit from 2005 - Multi-family Investment
2 February 2024 | 11 replies
I don't know if your Architect is savvy to NYC but if he's willing to charge you $12k to close the permit, then I'd get him to put that in writing guaranteeing that fee and sign it ASAP.
Rebecca Orlich
Is Anyone Doing Desktop Appraisals in Cleveland?
2 February 2024 | 5 replies
Leverage, how fast they can close, interest rate, origination, processing fees, etc.
Emily Anderson
STR analysis for Nashville, TN
3 February 2024 | 5 replies
In regards to the pricing strategy of the top performing listings in Music Row, I have attached below a chart representing how their daily rates vary thoughout the year for a 7-day booking: I did the same with the cleaning fee (per day of booking) below: With all these figures, I build a financial case study for a 1 bed / 1 bath property listed in Zillow at $385,000.
Justin Goodin
60 of the 100 largest U.S. cities now negative rent growth
3 February 2024 | 86 replies
Do you think investor is dumb enough not to factor in rent growth ?
Keng Fong
What are the steps of evicting a tenant.
2 February 2024 | 3 replies
I am also paying for this property's utility fees.