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18 May 2024 | 6 replies
The 75% LTC lender that capitalizes an interest reserve and finances 75% of the closing costs will likely require less cash out of pocket than the 80% lender who does not include a capitalized interest reserve and doesn’t finance some or any of the closing costs.
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18 May 2024 | 2 replies
From what I understand, the process appears to be relatively synonymous, but dealing with foreign payments and foreign entities is unchartered territory for me, and I want to make sure I deal with closing and managing this property in the right way.
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18 May 2024 | 5 replies
or $25k in closing costs when using their preferred lenderestimated mortgage is $2,800 a month.Property: ToanoNew Construction Villa/Town Home: 3-4(additional bedroom 6k add on) 2.5 bath 2258sq. priced at $413kSeller incentive 10k closing cost.
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17 May 2024 | 21 replies
And if you do not make good on the overdraft your days of banking (a necessary tool in this business) will come to a close.
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18 May 2024 | 3 replies
Once you close with CMG you are automatically enrolled in their rate rebound program.
20 May 2024 | 11 replies
Reading about real estate is great but you will learn 10x what you can in any book by actually closing on your first investment.
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17 May 2024 | 10 replies
The only money ever requested up front prior to closing is for the appraisal.
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18 May 2024 | 1 reply
New AC units due to the existing units being stolen the day of closing.
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18 May 2024 | 14 replies
There are some "lenders" out there who "do" incredibly high leverage or 100% financing, but be wary of these as they often try to renegotiate terms before closing/run out of capital/go bankrupt.
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19 May 2024 | 24 replies
If you want to buy close to Atlanta - you're best chance for yield is likely going to be townhomes that are currently owned by investors that are rented to voucher backed tenants.