Mike Descoteau
First deal down. Upwards and onwards.
17 April 2024 | 0 replies
FHA loan How did you add value to the deal?
Aaron Bard
Taking a look at different financing options...
17 April 2024 | 17 replies
So in this case if you closed the purchase with a DSCR loan, assuming a Straight 5 Year PPP structure, On year one if you do a Cash Out, the DSCR lender will penalize you with 5% of the loan amount for paying off their loan early.
Casey Nelson
Private lending question/ funding advice
17 April 2024 | 6 replies
Got a deal on a house$150-170kRealtor gave estimate for listing at $199kArv is $285-$315kTrying to figure out how to swing it Scenario : guy I know will front the cash to me to buy it for a cash deal but short term loan basically.
Vicente Hernandez
General questions on referral programs
16 April 2024 | 11 replies
Improving in these areas can make your agent referral program more enticing and solidify connections with real estate agents in Chicago and beyond.Good luck!
Jeff White
How do I get to my 2nd door?
17 April 2024 | 3 replies
Construction loans are different than mortgages.
Jorge Abreu
✨Overcoming Underwriting Challenges in an Ever-Changing Real Estate Market
16 April 2024 | 0 replies
As I learned more, I understood that screening was not a fixed process, but one that needed to be improved all the time.It wasn't just one person who had to deal with problems when underwriting deals.
Eric Edling
Getting cut out of a flip deal.
18 April 2024 | 2 replies
I may not have enough to win a court case but I have emails of him needing certain documents like the BK balance and loan number which I found before it was too late and saved the deal because I knew it was public record Quote from @Marcus Auerbach: This sounds like a real dumpster fire.
Robert Zajac
Questions/concerns about normal PM fees/expectations for Cleveland Ohio
18 April 2024 | 12 replies
More details/example fees: Management Fee: 10% of gross rent collected, $50 minimum per unit.Leasing: One full month’s rent upon execution of a leaseOther: 10% will be added to each invoice for any repairs, maintenance, improvements, landscaping, and snowremoval for the Property 50% of late fees collected $50 lease Renewal Fee $50 per utility turn on $25 posting 3 day notice $100 per court appearance witness fee $50 tenant removal with bailiff or police $50 to meet inspectors for housing voucher programs, occupancy certifications, and/or POS or rentalinspections Broker may charge to offset Broker expenses for postage, key copies and other misc. expenses $100 set up fee $120 annual consortium fee ($60 March 1st, $60 Sept 1St)Given all this, how do I input it when I'm making calculations for a potential investment (do I put this in as >10% like 12%, 15% or 20%?
Collin Mitchell
Anyone have experience with Lennar Mortgage?
17 April 2024 | 7 replies
Lennar Mortgage which now offers DSCR loans.
Allan Branch
Young Adult + 1st Property + Buying Early
17 April 2024 | 1 reply
What loan would suit the purchaseIn my early 30s, I often wished my parents had told me to buy a house at 18.