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29 May 2018 | 19 replies
Pittsburgh is certainly a strong market to invest in as the buy-in is typically better than other larger, more saturated, cities.
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1 March 2019 | 5 replies
My attorney informed me that I need the following...does anybody have recommendations and what are the typical cost/fees associated with this?
20 May 2018 | 13 replies
Use any numbers you would typically for downpayment, terms, rate, etc.
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20 May 2018 | 4 replies
I'm searching for an Ohio lender who can help pull 100% of $ back out of a cash purchase, via delayed financing (of course contingent upon appraisal being high enough).For those unfamiliar, check out this great post on the topic (specifically part 2) https://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-propertyhttps://www.fanniemae.com/content/guide/selling/b2/1.2/03.htmlI've talked to several loan officers who are typically investor friendly, they all either want the investor to leave some of their own cash in the deal for first 6-12 months due to their own banks overlay, or they don't understand this process/don't want to mess with this.Has anyone successfully pulled 100% of their cash out of an all cash purchase in Ohio with this technique?
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20 May 2018 | 3 replies
And typical commercial loans come with large pre-payment penalties if you pay off the loan before the balloon.
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21 May 2018 | 6 replies
I have a hard move-in date that the tenant must adhere to, but if I cannot provide the unit to them within 14 days (outgoing tenant holds over, tree falls on building, destructive fire, code violations, etc.) they can walk away free and clear, or delay occupancy (their option).The money they are asking for in advance is absolutely par for the course; I require first, last and security deposit (as well as any pet fees) to be paid before I will even sign a lease with a prospective tenant.Maybe someone who is more familiar with HOAs can chime in, but it seems possible that they would have their own bureaucracy that they would subject their owners to.No legal advice given.
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20 May 2018 | 4 replies
With the number of documents you'll need to sign and handle for a typical closing, another couple to confirm rent/deposit/etc, seems well worth the effort of everyone involved.If it were me, I would require tenants to complete them prior to closing.
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14 August 2018 | 3 replies
Typically from the moment that we sign the contract with a 15 day option period, about 3-4 weeks I get the wire transfer/50% wholesale fee.
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21 May 2018 | 14 replies
I typically don't get the offer accepted, but some do stick.
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28 May 2018 | 11 replies
We consistently go in 5-7k over asking BUT we do typically build in 6% seller concessions into the contract.