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28 March 2024 | 6 replies
If you google, "how much are closing costs" you'll get a result from Rocket Mortgage (most expensive lender) stating the fees could range from 3-6% of the property's value.
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29 March 2024 | 6 replies
If your doing anything close to this tye property better be a 100% home run .Otherwise, we didn't do a portfolio loan until we had 5 houses and supporting tax returns and did everything cash up until then. i wouldn't do it until you have some track record before jumping into leverage and a heloc is made to use and pay off quickly.
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28 March 2024 | 3 replies
My question is If my wholesale deal is in for example Baltimore Maryland, can my title company/closing location be at a different city?
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30 March 2024 | 16 replies
If you ever find yourself under contract on another property with an FPE panel, I'd recommend having the seller replace it prior to closing as it's a well known and documented safety issue; textbook inspection objection item.
29 March 2024 | 0 replies
This blog explores the potential changes and how they might affect your investments.National Landscape: Potential ChangesLawsuits alleged NAR policies stifled competition, inflating realtor fees.The settlement could lead to a more open market with:Discounted commissionsTiered commissions based on property valueFlat feesHourly billingOklahoma City ImpactShort-term: Uncertainty, market fluctuations.Long-term:Increased inventory from lower seller closing costs.Shift towards value-added realtor services like targeted marketing and expert negotiation.Technology-driven platforms may offer lower-cost alternatives.Proactive Strategies for InvestorsStay informed about market trends and commission structures.Build relationships with experienced real estate agents.Negotiate commission rates strategically.Focus on long-term investment goals.Conclusion: Adapting to the Changing LandscapeThe national shift in real estate commissions signals a period of potential change for the Oklahoma City market.
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28 March 2024 | 13 replies
So I understand I will have to come to the closing table on a refinance with about $68,000 + closing costs.
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28 March 2024 | 0 replies
With each closed transaction, I felt a glimmer of hope rekindle within me.
30 March 2024 | 17 replies
Usually what I do is either list other rental properties I may have in the area already rented by section 8 tenants or go to the MLS and print out recent rental (closed) properties with similar amenities.
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29 March 2024 | 12 replies
100/sqft on a full gut sounds about right - This includes new roof, siding, windowns, electrical, framing, etc - basically everything besides foundation and structureFor a more cosmetic rehab with minimal expenses and alterations to electrical, plumbing, etc you are looking close to 50-60sqftFeel free to reach out anytime and I'd be happy to see your numbers and the project.
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29 March 2024 | 7 replies
The investors I've worked with have purchased close to a dozen 2-4 unit multifamily properties so far this year and I've done a few other deals that were more so condos and SFRs, including in coastal and inland north county San Diego.