Moncy Samuel
Heloc vs conventional mortgage for duplex
27 November 2017 | 4 replies
The Heloc is variable rate interest.Because of the small loan, the Lender fees is high and It tough to take a decision to move forward with loan or cash purchase.I would like to hear from you if you had such situations and how you handled
Daniel Mills
Cash out refi buy out - tax repercussions
27 November 2017 | 3 replies
she is allowed to have up-to 10 conventional mortgages(1-4 are easy to obtain, 5-10 are slightly harder).buying her out would require you to pay fees to a title company, possible to the county to record the transaction and her accountant for a more complex tax profile for the year.I am also not sure I follow on the asset protection thing.
Michael Gutierrez
To buy or not to buy..?
27 November 2017 | 6 replies
This will give you an option fee up front, it will also get you a premium on the monthly rents because your going to factor in the rent credit over an above the normal rents, and lastly, this will get you an appreciated sales price because your going to base it on the anticipated value in 2-3 years versus today's value.
April Molina
I spent my Sunday dealing with squatters with a toddler. Lol
1 December 2017 | 18 replies
Maybe piggyback on the house next door for a small fee.#4.
Greg Smith
tenant complains that she is always cold
15 December 2017 | 16 replies
I figure I’m eating the final service fee for the guy going back and finding no problem.
Rob Barry
Structure for $1m+ Multi-Investor Value-add Deals?
22 December 2018 | 11 replies
I ask because I came across a firm offering deals like this:Purchase, rehab and flip a distressed property, timeline 6-18 months.Minimum Investment $100,000Above $500,000 and an investor can appoint a member to the management boardMinimum asset price $1,000,000Management Fee: 2.5% of invested fundsManagement invests 10% alongside investorsDeveloper invests 10% alongside investorsSuccess fee of 50% on returns above 8%My main question is whether the 50% success fee on top of the management fee is highway robbery, or pretty standard on larger deals averaging 30%+ in such short timeframes?
Mark Smith
What is a personal rep?
27 November 2017 | 2 replies
@Dorothy Butala I contacted my lender about it and they let me know this was my attorney fee.
Matthew Dunn
Out of State Cosigner
27 November 2017 | 5 replies
I didn't run his application fee as I wanted to get more information on this situation.
Ericka G.
Tenant wants to break lease for BS reasons - what to do?
29 November 2017 | 22 replies
A 3 month fee for breaking a lease would never, ever be enforced in the courts in my state.
Tomer Shani
First Flip Dilemma in Philadelphia
10 December 2017 | 7 replies
Have you factored in holding costs (insurance, utilities, taxes) and selling costs (commission, tax/deed fees, etc)?