I'm a bit confused by the amount of insurance I should have on my buildings. Currently, I have a duplex with a value of 150,000. My insurance agent has me hooked up with 350K in coverage as replacement cost. This s...
When analyzing a long term rental deal how do you determine the appraisal value? In my analysis I am using the ARV as the refi appraisal amount. Trouble is the monthly mortgage increases based on the ARV or appraisal...
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Is it possible to find a lender who will lend a small amount on a deal, for example, property price 35k rehab 8k ARV 75k? As well as find a lender to refinance after 6 months for a long-term deal.
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What is the recommended amount to put in Escrow for an apartment building deal?
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Closing on a 4 unit soon. Purchase price and appraised value is $210,000.Received an insurance quote with replacement cost of $450,000 with premium of $3,200. Received another quote with replacement cost of $275,000 ...
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Most often potential borrowers think they need a large amount to get their first property. Not true. Your long-term investment assets and liquid assets can have a big influence in what you qualify (retirements account...
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Hi, I 'm looking at a SFR for a first rental property. I was running numbers and trying to get an idea about APR on a 15 year loan with 30% down. The purchase price is $48,500. The calculator kept returning "no produc...
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Is it legal for hard money lender to charge interest on full rehab amount even though full rehab amount was not given. We have 90K rehab money which was funded by Hard Money Lender, however due to stricter guidelines ...
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I have an opportunity to buy a distressed note which is slated for foreclosure auction within the next month. However the hedge fund wants the full Final Judgement to make the trade, but this is well below the as-is ...
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I'm looking through a database of preforclosures and I have no idea what the number under ORI AMT means. Help me please my experienced friends.