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Results (10,000+)
Derek Nemec DSCR loan - rates/lender check pls
2 February 2024 | 5 replies
What's the origination costs associated with these rates that you've been seeing?
Tony Pellettieri Possible Private Lending solution to a friends HML in default? - Please Advise
31 January 2024 | 10 replies
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.
Benjamin Foullon Looking for Financing
1 February 2024 | 13 replies
Hey @Benjamin Foullon - you CAN get a DSCR at that price point, but there are fees that are fixed (so they are the same whether it's a $75k loan or a $750k loan) and they can seem high relative to the low loan amount.  
Beethoven Penalo Investing in Milwaukee
1 February 2024 | 10 replies
What are closing cost fee roughly in Milwaukee when buying a investment property.All and any feedback would be appreciated. 
James W Swindell Jr. Tax Excess or Overages/Surplus
1 February 2024 | 2 replies
I am new to tax surplus and I want to know how legal is it charge 30-35 % finder fee especially when the "state" puts a limit on unclaimed property of 10%.
Shannon Carter 401k withdrawal to invest
1 February 2024 | 3 replies
He’s funded my deals by taking out a loan from his 401k and I would make the biweekly loan payments , and pay him a fee once I sold my flips and refinanced my last property.
Timothy Christian Jr ` capital for a deal
1 February 2024 | 3 replies
It looks like no one is interested in funding it or offering a finders fee.
Matt Sargeant Overcharged late fees and retroactive adjustments that are not true
1 February 2024 | 1 reply
I want to clarify this for you and just ask what is the possibilities of a law suit being brought about from the changed payment records of monies paid and fees assed after the fact of actual payments and late fees.??? 
Simon Smith Sunny Isle Condo - Help Needed
1 February 2024 | 6 replies
- Is hurricane insurance covered in my condo fees or is this something I would have to pay out of pocket?
Tony Pellettieri New Construction HML in Foreclosure Proceedings - Needs Help
1 February 2024 | 1 reply
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000  Lot 2: $307,000  Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value-  $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation-  $2,538 - Real Estate Transfer Taxes-  $1,500 - Settlement Costs Paid at Closing______________________________________________   $234,212-  $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.