Account Closed
Reasons for Seller Concessions vs. Price Discount
15 April 2014 | 7 replies
Roger that, understood.In FL, the difference to the seller for the increased sales price is only about $13.00 per thousand.The seller pays the Doc Stamps on Deed and Owners Policy in most counties in FL, except for like Broward, where its customary for the seller to only pay the Docs Stamps on Deed.So in most counties, for every $1,000 in higher sales price it only costs the seller $7.00 for docs stamps on deed and about $5.00 to $6.00 in Owner's Title Policy, therefore my above example of paying $10,000 more only cost the seller about $130.00 more.That is unless the property is not homesteaded and/or the seller has to pay Cap Gains tax, then of course the sales price would need to be structured in a way to compensate.But getting past these intricacies, in General, if realtors and loan originators, they will give their buyer more loan options and better ensure more deals close.
Andres M.
No loan under 100k because of safe harbor guidelines? Need advice
19 September 2017 | 10 replies
If the lender has a certain fixed cost for loan processing and underwriting that has to be covered by the loan fees, then the lender may not offer small loans where the maximum allowable fee does not cover the overhead.Qualified mortgages can not have an interest only period, can not have negative amortization, can not have a balloon payment, and the lender has to ensure that the borrower has the ability to repay the loan.
Meghan McCallum
New Member Tips to Success-A Significant Advantage
8 September 2017 | 3 replies
Do you love fantasy football and have a distinct method to hedge your risks when choosing specific players at your draft?
Ryan Walker
Lead, Asbestos, K&T, and bears oh my!
29 September 2017 | 11 replies
The forums will ensure you are asking the right questions.
Harry Williams
How much are you profiting flipping homes in Atlanta?
13 October 2017 | 46 replies
Paying sub contractors, and ensuring their safety (GC is liable), are two of his many required duties per contract.
Jon Q.
Blockchain real estate brainstorm
13 May 2019 | 177 replies
This market won’t have a lot of players, we don’t need 1,000 crypto currencies, only 2-3 really.
Al Pat
Adjusting Security deposit with increasing rent
24 January 2018 | 6 replies
As long as you're doing yearly or semi-yearly walkthroughs to ensure there's nothing too bad going on, the security deposit should cover whatever is needed.
Bo Baker
Spokane, Washington Newbie
18 January 2018 | 16 replies
I heard this from a bigger player in our town about the current market and investors "Finding deals through realtors was how I bought 90% of my deals 18 months ago, but , in general, these days it isn't something I'm spending any time on because it's hard to make money competing against "investors" who ...frankly, don't care about or know how to, make money."
Stephen Moore
Investing in several states
3 February 2018 | 4 replies
If things seem to be running pretty smoothly and normal, I would still follow-up to ensure that things aren't getting glossed over and swept under the rug, but I imagine a trip every year or two would be adequate.It may also depend on how your PM works.
Chris Miller
Mice control and openings in basement
2 February 2018 | 4 replies
Im assuming they are coming from basement and i do notice the back end of basment wall has an opening where they built an extension so assuming i would need to close this off and seal up all cracks/openings to ensure this does not happen again.