hello everyone, i was wondering when using conventional financing who determines what percent down payment should be? is the down payment percentage negotiable?
Hello BP, My partners and I are looking at putting an offer in on a property to rent out on Airbnb in a resort town here in Canada. I would be obtaining the mortgage in my name and assuming all of the risk, my partner...
I am closing on a 4 unit apartment and considering leaving the current propert manager in place since she has done very well there. She wants 10% of the monthly rent, which I think is fair, but also the first month...
I would appreciate input from the community here:I found a deal for an investor friend. He is paying $90,000 for a property that will rent for $1000/month.He suggested I ask for a finder's fee... Is 10% too much? We w...
Hello BP family, I have a remodeling company. In 2010 I created a partnership with an investor. The investor has 95% of the business because he provided the majority of cash. I invested a smaller amount, manage the co...
My brother and I want to partner on a single family flip in Idaho. I live out of state, and will be doing all the direct mail marketing, answering the phone, qualifying the leads, and financing the deal. He lives in I...
I have a questions about changing the percentage of an LLC. Currently, I own 75% of our company and my partner, my wife now, owns 25%. We want to make it a 50/50 ownership for loan and other purposes? How do we go abo...
I found a 4 unit I would like to offer on but I only have enough cash to put 10% down. I'm having trouble finding financing, and I'm wondering if anyone has ever gone through Quicken and if there is a possibility the...
Hi guys we just received our for rent payment! As I am accounting for vacancy, capital expenditures and repairs, I have read to use around 5% for each.I am not sure where the 5% comes from. Is it 5% of the rent?
There will not be a uniform number and there are a lot of variables before one can give a concise answer but at what percentage is reasonable for the bank to indulge in a short sale?
Mortgage Owed = $180,000...