Inga Fonder
Analyzing a SFH to House Hack in Central IL
18 October 2018 | 0 replies
It has been on the market for 134 days, so I may be able to negotiate a lower price if the seller is motivated.My down payment is 3%, and closing costs will be factored into the mortgage.The amount for principal, interest, property taxes, insurance, and mortgage insurance is around $740-$760/month.
Christian Mano
Illegal 3 Family Unit Advice
19 October 2018 | 2 replies
For example: when you get an insurance, you have to make sure that they have accounted for this.
Luis Angel
Am I the only real estate photographer?
22 November 2018 | 11 replies
I service East Tennessee but would go farther afield if the opportunity was right.Factors like travel, equipment cost, insurance, FAA NAS (national airspace system) research for the prospective area, weather monitoring etc. all take time and money, so I turn down jobs regularly that expect bottom dollar.
David Lewis
4th Mortgage Approval Question
20 October 2018 | 4 replies
They will take 75% of the lease amount and deduct monthly costs ($2205 + 417 + property taxes and insurance if not included in the mortgage).
Brian Holt
Preparing to meet with loan officers or lenders
20 October 2018 | 6 replies
Standard paperwork you know and love, and one spreadsheet that has each property in a row and the particulars (loan balance, rent, 2nd mortgage(s), etc) in the columns.
Raj G.
Home insurance - Additional Insurer vs Mortgagee/Payee Loss
18 October 2018 | 0 replies
home insurance declaration says my name as "additional interest" then what is difference between "additional interest" and "mortgagee/payee loss"also can somebody please advice me attorney for the same in New Jersey.ThanksTag Private lending, bayonne, newark, union, jersey city, union, edison, new jersey
Aaron Arnold
Looking to House hack
19 October 2018 | 2 replies
If we assume (since you're doing FHA) that you're making a 3.5% down payment on a $250k property with mortgage interest of 5% (not sure what the current rate is, that's just a guess) you'd have a mortgage payment of $1,295.08 then add in PMI, taxes, and insurance and you're probably in the ballpark of $1,950/month.
Katie Huynh
[Calc Review] Is 5.97%ROI good enough for a rental property?
30 October 2018 | 24 replies
Do your numbers include: vacancies, repairs, make readies, prop mgt, good insurance, etc..That is a small margin and will probably be negative once all costs are taken into account.
Ricky Si
Sheriff sale - need free title reports
26 October 2018 | 43 replies
Which of course why a title report without anyone willing to issue title insurance holds zero value.
Joshua John King
Seeking info & advice on structuring a lease option multifamily
23 October 2018 | 2 replies
I paid the taxes, insurance, utilities, landscaping, etc.