Paul Bame
VA Refi- Need some advice
I am in the process of refi my VA loan, and the closing cost are taking up almost half of the equity. It just seems like a lot of fees and I am not sure what is really needed, and if there is better out there.I have l...
Randy Philpot
Cleaning fees at STR's
I am trying to run financials on various STR markets (Smoky Mtns, FL Panhandle, etc.), but I am having difficulty determining average cleaning fees. I know this will vary based on the size of the property, but is the...
Wen Chen
Questions about tax write off's for rental property
I just bought my 1st rental property last year and need some help with what costs to file for tax return.Turbo Tax asking to escrow fees for following categories:Abstract and recording feesLegal fees, title search, do...
Gary B.
Fraud by manipulating Bank's LOI by Broker
Hello Fellow investors,
I am working with a broker for a loan on multi-family property. Broker photoshopped the Bank's original LOI to reflect higher origination fee. Later when he slipped through his fee, then he s...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
David Coronado
Am I getting ripped off with my closing cost?
Hi BP,
I’m currently in the process of remodeling my second house with a 2 in 1 loan (construction and refinance). I’m planning on adding square footage and several bathrooms.
Once the construction is complete the r...
Jimmy Watson
Cash Out Refi on Primary - What I'm Being Charged
Hello all! I am pulling cash out of my primary to fund a couple of buy and holds. Those of you in the know, if you wouldn't mind taking a look at these numbers? I feel the total cost to make this happen is high, le...
Austin McDonald
Looking for help analyzing closing costs- first Investment property!
Hi, I am newly under contract for my first investment property, a duplex we plan to live in and rent out.
I just got the first estimation for my loan/closing costs, looking for any assistance on analyzing if these c...
Goodwill Manly
Getting charged a ‘ULDD submission’ fee of $130
I’ve never been charged this fee before and the lender is saying it is a mandatory fee charged by Freddie Mac. Anyone heard of this or know how to avoid it?
Peter Tverdov
What property management fees do you see on small multifamily?
I'm interested in comparing fees with other areas of the country when it comes to the management of smaller multi-family units (anywhere from 5-50 units). What type of fees are you guys getting for the buildings you o...