John Hogg
Title error found after refinance
11 February 2024 | 9 replies
Hi biggerpockets community,I could use some advice on a situation that has come to light with my current lender.I refinanced a duplex property in 02/2021 to a new lender.I am just finding out today that during the refinance process the new lender/title company input the address incorrectly and only has one side of the duplex address included on title and not both addresses.This incorrect adress situation has caused a series of insurance billing issues that i am just realizing and the lender will not let me include corrected addresses without proper title or usps confirmation.
Matt Hubert
DSCR Rent appraisal - Montana
13 February 2024 | 6 replies
Some will go down to 0.75x and even no minimumTypically, you will be able to transfer the appraisal to the new lender too so wouldn't have to reduplicate all of the costs at this point in your process
Christian Beyer
Renting to Illegal immigrants
13 February 2024 | 35 replies
I would do a month to month lease for easy removal process.
Account Closed
Pro Membership Refund
12 February 2024 | 6 replies
Account ClosedPlease email us support @ biggerpockets.com and we'll process it
Isaac Lane
Columbus Ohio Property Tax Dispute
12 February 2024 | 4 replies
Franklin County is doing a mass re-appraisal process for property taxes in 2023.
Alex U.
Architects Adu fees
13 February 2024 | 15 replies
No offense but you're speaking shows an ignorance to the process.
Donna Freyman
Tax Deeds
13 February 2024 | 11 replies
I've seen in other forums people posting to watch out for county liens, back property taxes, HOA debts, IRS liens, quiet title process etc.
William Coet
Do Lenders Prefer a Borrower Has Real Estate Portfolio When Lending On Real Estate?
12 February 2024 | 12 replies
If anything, not having other properties may help streamline the financing process especially for conventional lenders not experienced working with investors.
Steven Lee
Looking To Educate Borrowers On Hard Money
12 February 2024 | 6 replies
So if you have good credit, and the asset is good and the deal is good then 90%/100% isn't out of the questions.So let's say 97k purchase, 60k rehab, ARV 220k.If you get 90%/100%Loan amount 147,300 (87,300 + 60,000)Your down payment: 9,700Origination Fee: 2% - 2,946Service fee: This includes a legal fee, underwriting fee, processing fee, etc: 1,500Title Costs: 1,000Insurance costs: 500 - 600Interest Rate: 11.5% - 12%Payments: 1,000 - 1,400 per month.
John Stovall
The New Guy
12 February 2024 | 10 replies
With that being said I am really not sure how to start this process.