Bryan Quinn
Long-Term Tenants vs Higher Rent
24 July 2018 | 8 replies
You can do this for free (don't charge them) and explain this is just because of change in ownership.
Stephen Benson
[Need adviceCalc Review] Help me analyze this deal
24 July 2018 | 1 reply
You won't have much equity initially, so if you are able to do more value add or get offering price down it would be even better.
Account Closed
Business Plan Sanity Check Question
24 July 2018 | 2 replies
He also works deals with his tenants to leave the gas and electric and water in his name if they need him too and then charges them $5-10 a month plus the bill for their rental.
Matt Hendrickson
Am I leveraged too much?
22 August 2018 | 45 replies
Did you draft up initial plans or go with a prepackaged plan like I see for sale on the internet?
Joseph Garner
Lender says partner has to be on the loan
25 July 2018 | 8 replies
Now I am getting charge .8% more interest for it being an investment property rather than owner occupant.I remember when I bought my first home with an FHA loan the lender looked through my bank account and grilled me on any type of income coming in.
Lexi Teifke
Multi-Family Austin MSA
3 October 2018 | 25 replies
I have been monitoring the market for the last 1-2 years (but initially looking for single family homes).
Sharon Evans
Bouncing Ideas - Hard Money Lender Strategy for Fix and Flip
1 August 2018 | 22 replies
I have 2 choices: 1) Pony up the $3,000 out of MY pocket to get the job done (I don't need to bring this money to closing, but I do need to demonstrate to the HML lender that I have the funds to make it happen), or 2) Simply adjust my budget down by $3k.Let's say that the lender charges the following:3% origination fee ($65K *.03) = $1,950Appraisal Fee - $500 Pro-rated Interest (one month) - $380 Title Search / Title Insurance - $175 Pro-rated Property Ins. - $100 Pro-Rated Taxes - $400 Settlement Fees - $400 Recording Fees - $100 Wholesale fees (if applicable) - $500 Since "No Money Down" is not an option, I'll will need to pay these fees up-front in order to get my $65,000.
Kenneth LaVoie
Revisiting idea of vacation condo
4 August 2018 | 21 replies
Because we want our investment properties to basically pay for themselves (after the initial purchase & cash outlay to furnish it & get it ready to rent) we knew that buying a property in one of those locations was not going to work for us.That is why we ended up in the Panhandle.
Matt Shields
Is house flipping dead?
9 January 2019 | 96 replies
@Darren Lenick I agree and don't see how these companies are profitable with the fee's they are charging, and with Zillow entering the market their margins will probably get even smaller.
Jesse Smith
Lead Paint Test - Inconclusive
26 July 2018 | 5 replies
Unless you are considering backing out of a purchase it doesn't matter if it has to be done anyway, the people doing the work will know whether or not it is lead and work/ charge accordingly.