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2 February 2024 | 4 replies
I attempted to update my original post with more specifics, but the updates never showed up, so I created a new post here:https://www.biggerpockets.com/forums/311/topics/1167489-seek...Thanks,Sean
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2 February 2024 | 5 replies
CPA and Lawyers will always tell you to get one (and contrary to popular rumors this has nothing to do with getting more $ for filing fees).
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2 February 2024 | 24 replies
On the vacation home front with conventional financing, Fannie and Freddie made some changes that hurt the pocket book: Second home loan upfront fees increased between 1.125% and 3.875% depending on the loan-to-value (LTV) starting in April 2022.
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2 February 2024 | 2 replies
My properties were making my original investment back in profits within 6-8 months max and I was able to reinvest my profits into the next property fairly quickly.In 2021, I got my second unit.
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2 February 2024 | 41 replies
When there are property damage issues, California landlord tenant laws allow the tenant to recover attorney's fees in addition to other damages.
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2 February 2024 | 9 replies
It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.
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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.
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2 February 2024 | 1 reply
I started off as a loan originator which sparked my interest in investing.
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3 February 2024 | 32 replies
Initially had some cabinets painted because they didn't like the original color. on it goes.
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1 February 2024 | 2 replies
Maybe because I did all my rehab and reno in the past with cash, but the terms of hard money is high 10.9 - 12.5% with 2-2.5% origination fee, and a long list of draw fee, inspection fee, doc fee etc.Right now i have 450k cash in the bank, 250k HELOC from main property, another 200k HELOC can be opened on my fully owned GA SFH.