Dennis Walter
Seller Financing Deal Advice & Closing Cost Questions
28 April 2016 | 2 replies
Most closing cost are charged by the lender in the form of origination fees and prepaid interest, taxes and insurance.
Norman Bamford
chomping at the bit
5 February 2016 | 2 replies
Find experts who in rural properties in that area to work with on this deal.Get a real estate agent who specializes in that type of property.Ask them to figure out how fast that type of property can sell these days,determine the market demand.Ask them would it make a good rental and how much could you charge for it comfortably.ask them to question the owner about their financing terms and how long they are willing to finance you.Have the agent remind the outgoing owner they can always sell the Note to investors if they get tired of carrying you.Do some more due diligence before you sign any papers.Good luck to you.
Edward A.
Landlording in Philly vs. outside the city
6 November 2017 | 13 replies
There is also a $300 annual charge for trash.What area of Philadelphia were you thinking of buying in?
Shawn McCarty
Understanding Hard Money - Suggest A Hard Money Lender...
5 February 2016 | 5 replies
you must come up with 10% closing (do they charge a premium here because they can?
Rob Call
Do I have to pay taxes on this???
5 February 2016 | 0 replies
It might be silly, but I have not opened up a business checking account because the minimum for the bank I want to use is $1,500 (anything under is charged a $10 per month fee for not having the minimum).
George Cen
Have applicants/renters run their own credit reports?
30 March 2016 | 16 replies
If you deny an applicant or take any adverse action (i.e. charge higher security deposit, require co-signer, etc) based on information in their consumer credit file, then you should be sending them an adverse action letter which basically tells them what consumer reporting agency supplied the info you relied on, the contact info for that agency, and how they can get a free copy of their own credit report.
Robert Gill
So I Just Renewed...
16 February 2016 | 5 replies
Many times the broker is only there for compliance and isn't the person in charge of training.
Account Closed
Finding owner driving for dollars/tax lien foreclosure
6 February 2016 | 12 replies
Hopefully I can find the trustee in charge of this.
Keri Middaugh
Best way to use $50K?
5 February 2016 | 1 reply
Is it a family member not charging interest?
Justin Dixon
21 years old first time buy and hold, how should I start?
12 February 2016 | 32 replies
(Buy,Rehab,Rent,Refinance,Repeat) This way I am able to still do my buy and hold strategy and I will be using/partnering up with a private lender hopefully soon I am still looking for one but I have already done all the research and I know the areas I am investing in and I know the ARV as well as how much to charge in rent.