Douglas Andrew
Loan Assumptions, Commercial Loan Transfer to Buyer.
24 June 2018 | 2 replies
The commitment letter had the following language;Transfers/Assumability: Subject to Lender’s then-current underwriting requirements and compliance with the other requirements of the loan documents, the Loan is assumable by a qualified transferee of the Property for a fee of 1.00000%of the unpaid principal balance of the Loan at the time of such a transfer (a “Consented Transfer”).My question relates to the terms of the loan and savings to the buyer.
Keiko Bake
Last month's rent - Deposit in Lieu of Rent
5 July 2018 | 10 replies
I nicely state, there's late fees associated with you late rent payment and I'll be sending you an invoice for this.So I send the Late Rent Invoice, basically $50 late fee on top of the $1450 rent due (making it a $1500 total).
Sandy Uhlmann
Cost Effective Accounting Software for Real Estate?
25 June 2018 | 6 replies
QuickBooks desktop version is a one time fee until you decide to upgrade.
William Huston
Investing: Is the current prices to high?
29 June 2018 | 31 replies
Some condo properties rent weekly to which in my opinion is a lot of hassle, maintenance due to high traffic, and attract some not so good renters occasionally; and with high management fees too.
Logan Freeman
What’s Missing? Investor/Agent Relationship
1 July 2018 | 2 replies
Take into consideration we have project mgmt fees that we have to pay for as well so we make sure the rehabs go to plan.
Account Closed
Wholesale HUD Contracts
24 June 2018 | 3 replies
This will satisfy the A to B closing, but how do I collect my assignment fee from the cash buyer?
Francis Branagan
How to take on Investors
24 June 2018 | 2 replies
They make an 8% return, like the monthly checks, and the security of and investment secured by real estate. it allows me to purchase properties without graveling to banks, getting appraisals, paying loan fees, and making cash flow without much of my own money.
Dave Keissar
Turning Garage into Airbnb
25 June 2018 | 5 replies
If you end up doing the work without a permit and get caught you could face hefty fines and have to undo all the work, or if you don’t get caught it could cause issues when you sell.
Nicole P.
Auction Sites for Bank Owned & Foreclosure Properties
3 July 2018 | 4 replies
What are the fees like?
Daniel Banks
Seller Financing a Wholesale Deal... Can you do it?
25 June 2018 | 9 replies
My thinking was after getting the property under contract, instead of the normal contract assignment with assignment fee I could use the seller financing option and have the buyer make enough of a down payment to satisfy the price in the original agreement of sale and have monthly payments with interest paid to me.Thanks,Daniel