I just received my loan estimate for a $630k mortgage. However, the title-related costs were shocking. This is my first jumbo loan, so I'm not sure if this is normal or not. Below are the items and their costs, do ...
I'm looking into investing in areas with low price-to-rent ratios, like Metro-Detroit. I've asked a few PMs this question, but I don't get very good answers:What is the fundamental reason that price-to-rent is so low...
The seller is offering 20% down, 5% interest rate, 25 years amortization, ballon payment due on 7 or 10 years (negotiable), and due on sale.Asking price $750k. Location: SoCal. Property type: commercialConsidering the...
Are the costs of a 1099 contractor fully tax-deductible in the process of doing business on rentals, BRRRR, or flips?More specifically, I'm looking at entering into an agreement with a contractor where their fee will ...
So when you're deciding on a house and are about to make an offer, when going through hard money lenders can you get money beforehand like a pre-approval or do you have to have a deal ready? The reason I'm asking is t...
What is the benefit of putting the wholesale deal in LLC, and selling the LLC to the buyer?
I will be partnering with another investor to buy a mobile home park. We initially talked about forming a new joint venture LLC to acquire the property but he's proposing to buy or take over the company that owns the ...
We bought a SFR on .6 acre. From the previous owner we obtained a plat that is quite detailed but does not seem to have been recorded as when I went to the county records office there was no plat found recorded for ou...
Investing with partners, personally I wouldn't due . I did a partnership that turned a nightmare at the end, I walk away with almost nothing ,and he kept the business, but if you would do a partnership you have to pa...
I'm curious to know if appraisers tend to appraise properties differently depending on whether it's for a purchase mortgage or for refinancing an existing debt. I would think the appraised value should not differ, but...