1 January 2022 | 9 replies
Im this instance, the contract price will still typically be reflected the same on the appraisal.seller closing cost subsidy is limited to...3% conventional owner occupied2% conventional investor6% FHA4% VA.
31 December 2021 | 6 replies
For instance electrical, where I was paying a Subcontractor....if the total contract amount was $18,000, I would get $6k from you, give $5k of that to him as progress payment #1, and keep $1k for my overhead and profit.
3 January 2022 | 11 replies
I have so many instances where I've written off mistakes her company has made with collecting rent etc.
11 July 2022 | 5 replies
They typically are yes - you would likely be looking at a step-down PPP so for instance on a 5/1 ARM loan it would be 3%-2%-1% in the first 3 years and then the remaining 27 years will not have penalty.
6 January 2022 | 4 replies
For instance, looking at one of the estimates for a $400k purchase price, here are a few of the line items:Total PITI: $2,624 per month2.75% interestTransfer taxes: $17kLender's Title Insurance: $2,712Mortgage Insurance Premium: $6,755Appraisal Fee: $770Homeowners Insurance Premium: $3,000There are just a few of the bigger ones..
2 January 2022 | 7 replies
We have been doubling and tripling our money in most instances (We've sold 4 of our rentals this year).
16 January 2022 | 11 replies
For instance, Concord, Kannapolis, Gastonia, Indian Trail/Monroe are all sub cities that my investors and I are still finding opportunity in.
13 January 2022 | 3 replies
What about the instance of a commercial loan?
2 February 2022 | 12 replies
If it is not month to month, you are likely going to have to have multiple of these instances to get an eviction.
5 September 2022 | 9 replies
For instance, Warren Buffet can afford to speculate on something with a $500k downside, because losing $500k is nothing to him...but, for a typical person, losing $500k on a speculative move could mean bankruptcy.This goes for speculation on future interest rates, home values, rent amounts, etc.