Tony Crews
4 Year Lurker Turned New Pro Member
24 June 2018 | 8 replies
So I continued paying my Realtor fees but I started focusing more on moving my corporate career to higher levels.
Warren E.
Refi Loan advice needed - due to reset and unsure what to do
22 June 2018 | 3 replies
One would wrap into a 7 yr arm @5.5% to start, IF I transferred over what assets I could for 1% AUM fee - no thanks.
Ryan Frey
Back up hard money lenders?
25 June 2018 | 1 reply
.), only to be a backup and not get paid fees.
Josh Hackett
Feeling overwhelmed and slightly defeated starting out
23 June 2018 | 10 replies
Many sold and went back to buying properties without HOA fees.
Hunter Peterson
Seeking FHA 203K advice and market insight for Dallas, TX / DFW
6 July 2018 | 15 replies
If the work is not 100% complete by the end of the Escrow period, loan may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.
Michael Strobel
How to grow my real estate investing business
27 June 2018 | 1 reply
Again, a rental agent will be helpful in knowing current prices, paying a half or full fee to get them to screen and place a tenant would have the additional benefit of having this conversation with them to gauge your market.Ultimately since you have some flexibility of schedule and funds I would say do your first live-in upgrade from existing funds and get the other units rented closer to full market rate.
Ashley Zhang
Reputable hard money lender recommendation in Colorado
3 July 2018 | 6 replies
However I need to pay them $250 upfront as the app fee.
Jonathan Chandler
Rehab with a Credit Card...hear me out!
23 June 2018 | 3 replies
BUT, be sure there aren’t other fees and such tacked on that you don’t expect.
Trenton Zimmerman
PCS to Colorado Springs
25 June 2018 | 5 replies
Also would like some advice on wether I should sell my condo or rent it out, it’s in Hawaii had it since March 2017 for 371000 but after all fees and such it ended up being 377000 at 4% using the VA loan.
Nick Quintin
My Landlord is selling duplex, potential 1st deal
2 July 2018 | 3 replies
Here are some preliminary numbers I ran: 260K FHA no repairs and current rents on left, 300K 203K, reno and higher rents on right: % Down Payment 5.00% 5.00% Down Payment $13,000 $15,000 Remainder of closing costs $3,000.00 $3,000.00 Total Due at Signing $16,000 $18,000 Mortgage Rate 4.60% 4.60% Length of Mortgage in years 30 30 Monthly Mortgage payment $1,266.00 $1,461.00 Taxes $386.00 $445.00 Sewer and Water $50.00 $50.00 Trash $50.00 $50.00 Heat/Utilities $ - $ - PMI $ 180.00 $ 208.00 Cap Ex and Ops $200.00 $200.00 Insurance $65.00 $75.00 Mgmt Fee $165.00 $165.00 Vacancy $132.00 $132.00 Total Expenses $2,494.00 $2,786.00 Unit 1 $500.00 $700.00 Unit 2 $900.00 $1,100.00 Total Revenue $1,400.00 $1,800.00 Cashflow/month ($1,094.00) ($986.00) Cashflow/year ($13,128.00) ($11,832.00) Cash on Cash Return -8.42% -6.57% I have not talked with the seller in detail yet, as I want to see if this is worth a deeper dive first.