I just received a cost of closing work sheet from my lender for a buy and hold rental property we are purchasing. Closing costs are roughly $3,900 and "reserves/prepaid costs" are roughly $1,500. Do I need to include ...

Hi BP,

My wife and I are looking at making our first purchase. It's a duplex in Quakertown, Pa. One of the tenants has prepaid rent through August 2017. How is prepaid treated in a sale? Does the unearned portion...

I found some good legal advice for contracts, documents, consultation it really helps for me getting my deals together and making sure I stay in the guidelines of real estate

www.prepaidlegal.com

[edited by administ...

Hello,
If one can refinance and reduce their interest rate on a investment property by 2% points but it takes 2.5 years to just recover  all the fees  is that normal breakeven time and worth doing it. The closing cos...

Hello everyone! I'm about to buy my first two family home in NJ Bergen County and looking for a mortgage. The loan officer I spoke with sent me a mortgage application (FHA 3.5 % down) to sign. I noticed the closing co...

What's the percentage of closing fees in Connecticut? The proximity.

Hi All - Today I'm in Delaware looking at properties. We are looking all over northern DE (ie Wilmington, Newark, Claymont etc). I was looking at homes as high as $70k. When asked, the RE agent told me closing costs a...

Im getting ready to make my first offer on a quadraplex here in FL.  From what I understand from reading is that it's desirable to close on the 2nd, 3rd, or 4th of the month in order ti collect prorated rent from the ...

Anybody willing to share your sources for the best terms for a cash out refinance on an investment property? 

Hello BP,What are all the expenses related to purchasing a co-op in New York City? I know there is a down payment of course, but about what percentage of price is closing costs? And are there other expenses such as a ...