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10 June 2024 | 35 replies
They will send the EMD to your title company and charge you a percentage of the amount borrowed.
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9 June 2024 | 18 replies
This varies based on the percentage of the loan the lender or broker is charging for the work. 1.5-2.75% of the loan amount is in the ball park of average but there are lenders and brokers who charge more or less.
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7 June 2024 | 4 replies
Also, the denominator is "initial investment," not "total investment" I just get somewhat wary of inflated numbers that make something look better than it is -- saying that my NWROI is this incredible percentage - but an ongoing maintenance concern/capital expense actually makes the property break - -even or even worse.
8 June 2024 | 15 replies
Be careful with VA as Realtor should disclose to seller the percentage of eligibility they lose.Servicer of note is not required to respond in any specific time frame.
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7 June 2024 | 9 replies
Yep, its known as a Fix & Flip loan and you can find it on the Lender Finder feature here on BiggerPockets.The term of the loan will generally be less than 2 years and they will usually fund a percentage of the purchase price (I've seen 60-80 percent) and many times 100% of the renovation.It makes sense to have a strong idea of the reno costs prior to applying for any amount with this type of product.
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6 June 2024 | 6 replies
Taxes should be in the underwriting but at the same time, the percentage charged by the local city/county/state should be baked into the nightly rate.
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7 June 2024 | 10 replies
It cost money to own a house and people normally allocate a percentage of the revenue towards repair, capex, vacancy and property management.
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6 June 2024 | 4 replies
They normally charge a larger percentage of income because STR are much more involved than LTRs.
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6 June 2024 | 3 replies
You could turn the matter over to a collection company (including law firms that do collections on contingency), but normally, they charge a very high percentage of what they recover, and you normally have to authorize them to settle for any amount the want to.
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5 June 2024 | 6 replies
You can split the ownership by percentage in the LLC?