Gina Watkins
Worked with Martel Family Realty/MartelTurnkey?
15 May 2024 | 7 replies
In closing, I had a positive experience working with MartelTurnkey.
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
15 May 2024 | 6 replies
I am certainly not a tax expert, but fwiw, I just looked at my closing statement from the purchase of a Brooklyn multi-fam and as purchaser, I paid the following taxes:Transfer Tax Additional Transfer(mansion)taxTransfer Tax Supplemental NYC(mansion)taxMortgage Tax 1st mortgage
Bob S.
Turnkey investing thoughts?
14 May 2024 | 11 replies
Full disclosure I help dispo deals for REI Nation who operates in several markets in the southern/middle part of the country. 70% of the sales go to existing clients so I think that speaks volumes to those investors experience.
Cristen Bozeman
Private Lender Terms
16 May 2024 | 7 replies
your asking for 100% funding and that is rare to the extreme most fokls that get this funding do so from family friends or very close associates that know like and trust them.
Josh Leigh
Is 100% financing a thing?
15 May 2024 | 12 replies
For example, they can finance up to 70% of the ARV meaning, if you have a perfect 70% deal (purchase price and rehab are withing 70%) they will cover those cost for you.you will still incur closing cost, taxes, and insurance cost though for example.True 100% financing (ZERO out of pocket) typically requires solid relationships with private lenders or a combination of hard money lender and private lenders.
Maria Moya
Representation new construction
13 May 2024 | 0 replies
Would we be able to pocket the buyer commission to remedy the final sales price or closing costs?
Scott R.
Cost to build a duplex or 4plex in Bradenton, FL
16 May 2024 | 5 replies
Wow what a great response Ke,Are you building for rental purposes or for sale?
Kyle Mitchell
Construction to permanent loan on an investment property strategy
15 May 2024 | 5 replies
They want to send me to the commercial loan department where the rates are awful, closing costs are high, and the requirements much more robust.What if I just get a second-home construction to permanent loan, wait 12-16 months for it to be built, spend another 90-120 days furnishing it, and then refinance into a traditional 30 year fixed as an investment property?
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
13 May 2024 | 4 replies
@Kenji TominagaIf the taxes have already been paid by the seller they are prorated as part of closing costsIf you are talking about escrow payment taxes then some appear to have missed them as you would be paying those