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16 September 2018 | 0 replies
And where would I add my assign fee?
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19 September 2018 | 2 replies
What is the Refinance Closing cost/fee?
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13 October 2018 | 15 replies
Ahhhh....Fee Simple Title....I can't tell you how many attorney's I've had to educate on what fee simple title is.
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17 September 2018 | 3 replies
If so, were permits pulled & were they installed by a professionalAre any of the homes rented to studentsIs there a flat roofare there asbestos shingles - Heating systems- PlumbingSome companies will not write properties with systems that have not been updatedThe Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policyc.
16 September 2018 | 3 replies
Ofcourse fees would be incurred.
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17 September 2018 | 8 replies
Since the sale of the property occurred towards the end of the year, in October, the 1031 Exchange was going to receive an Installement Sale treatment and in the event a Like Kind property was not purchased within 180 days the proceeds would have been taxed in 2018.
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19 September 2018 | 73 replies
It was gutted and all new tiles, bath tub, toilet bowl installed.
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18 September 2018 | 5 replies
Jose,Here is a list of "hidden costs" that may surprise you if you haven't been through this before:Closing costs when you purchase the propertyTitle Insurance Policies for you (and the lender if there is one)Miscellaneous closing fee's (survey, recording, etc)Loan origination feesHolding costs (during the time that you own the property)Builders risk and Liability insurance policy premiumsProperty taxesHOA feesUtility usage chargesBuilding permit costsDumpster / hauling chargesLoan interestClosing costs when you sell the propertyStaging (if applicable)Realtors feeClosing costs (depending on where the property is, this could be a huge cost) Professional fees for accounting, legal and taxesCapital gains tax on your profitI hope this helps you, and good luck!
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17 September 2018 | 5 replies
Seller get $282k, buyer pay $300k.Option 2: Contact price $282k, the term change to buyer cover agent fee.
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26 September 2018 | 2 replies
Yes, you will have access to a VA loan with 100% financing, however:This doesn't to you a whole lot of good if you are only in a duty station for a few monthsDepending on your rank, duty station, and other factors, you may be required to live on base at timesVA loans are only for owner occupantsYour purchase price will still be dictated by your credit and income (see first bullet above), andIt can be extremely risky to buy with 100%+ financing at the peak of the market (I say 100%+ because many servicemembers and veterans roll their VA funding fee into their loan, which can leave them leveraged at 102% or more - with negative equity).