Tiffany Henning
Is a deposit before funding typical of private money/hard money lenders?
I have a private money lender that has good rates but they have requested a deposit/origination fee before the loan is funded. I am a little leery of this - is this typical?
Justin Tahilramani
Cash Out Refinance Investment Property - Are these good terms?
Hello BP,I'm in the process of completing my first cash out refinance and I wanted to get your take on the terms that i'm being offered. This is a tenant occupied SFR that doesn't have an existing mortgage.- 75% LTV (...
Art Maydan
Move-In Fee For Sublease?
I normally do move-in fees in place of security deposits here in Chicago. I have a tenant finding a sublease currently. Can I collect a move-in fee for a subleasing tenant? What about a pet fee?Thank you,Art
Clair Lauderdale
Has Anyone Shopped Around for HELOCs Lately?
I am considering securing preferably one HELOC on 4 properties that I have full equity in. I have spoken to one community bank here in Atlanta, but their origination fees seemed high (1% of total amount) and they wer...
Nnena O.
when is a mortgage too expensive?
I paid cash for a duplex in Pittsburgh, then applied for a mortgage under the delayed financing exception that I learned about here on BP. I am trying to figure out if it is even worth it to go through with the mortga...
Minh Nguyen
Mortgage Broker Red Flags
I spoke to my very first mortgage broker today (referred by a friend) and as soon as we got on the phone I was immediately bombarded with questions about my situation while any question I had about our relationship wa...
Jack B.
Is this broker telling me legit info on MF investments?
Offering to save me on real estate commissions by selling to a REIT. Email below. What do you think, good deal or no? Also, is it typical to get a 30 year loan for MF like SFH or are they shorter, 5-10 year loans? Thi...
Kristen Nguyen
Tips on negotiating closing costs for a refinance?
We're seeing an origination fee of 1% and lender fees between $1100-1350. I'm thinking the 3rd party fees (i.e. appraisal, closing attorney, title insurances, GA state fees, etc.) will be between $1-2k.Any tips on how...
Ben M.
Refinancing initial quote vs final pricing
I am in the middle of a cash out refinance and was told my rate would be locked. However, the final closing cost is 4k above the initial quote. The rate did get locked but the origination fee went up 2k from the initi...
Cindy Auch
Is interest received from fix & flip loans subject to self employment tax?
Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...