Curtis Davis
Using $70,000 to buy one investment property or two?
2 July 2022 | 34 replies
There’s a feeling of safety knowing that you can see, touch, care for you first investment property.
George Gammon
Higher ROI in South America
14 October 2016 | 55 replies
You will need at least 20% down, it could take 2-3 months to get a mortgage, you'll pay a higher interest rate, and probably need to buy a life insurance policy naming the bank at the beneficiary.
Russ O'Leary
New member in Butte, Montana
2 February 2021 | 15 replies
The majority of my holdings are here and I keep getting tempted by cheaper prices in other markets, but I just don't know if I can beat the safety, stability, and convenience of Billings.
Jeff Gates
The danger of roommates
13 February 2016 | 4 replies
Whether your tenant starts out with a roommate, or wants to add one later, be prepared with good policies and procedures, and of course a well written rental agreement/lease.
Gloria Mirza
affect of HELOC on DTI
22 February 2016 | 4 replies
I imagine different lenders/underwriters would have different policies on the matter, but I'm hoping they'd view the HELOC similar to a credit card (zero balance = zero effect on your DTI) as opposed to a car loan (which is a debt for which the monthly payment would definitely be factored into your DTI).
Bill Couture
Issuing rent receipts for rent payments?
30 March 2021 | 43 replies
My policy is to always give a receipt when I receive any funds in person.
Alexaundra McCormick
Amazing tax deed potential in Hamden county?
6 September 2013 | 6 replies
@Alexaundra McCormick I'd check with the Assessor and see what their policy is.
Chris Meek
should i use all savings for first deposit?
21 December 2015 | 11 replies
Use part of it as a deposit and keep some for a safety net?
Cody Evans
Building A Real Estate Website: Where To Start?
17 July 2019 | 16 replies
Focus on PreforeclosureHoardingDivorceLiensCondemned HouseAbandoned HouseDamaged House (Major Repairs)BankrupcyProbate (Inherited) HouseRelocationFire/Water/Mold3) Any business website must have a Terms of Use and Privacy Policy page.
Account Closed
The Value of Hard Money Lending
10 September 2018 | 6 replies
Here are the terms and fees: 12% - 14% interest only payments3 to 5 points origination (depends on location)Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)Inspection Fee: $100 - $150 / inspectionLoan Documents: $475Loan Admin Fee: $500Credit Report Fee: $30 ($35 for Joint)Flood Certificate Fee: $15Monthly Servicing Fee: $15 A mortgagee’s title policy is required.An insurance policy is required on all loans for the term of the loan.Up to 70% of the After Repaired Value (excluding points & fees), not to exceed 100% of cost.6 month term3 month optional extension (extension fees may apply)While these fees can be significant on the front end, it can save you money on the back end.