Brian Beadle
Are these 203K closing costs to high?
Hello all, I have recently decided to try my hand at a 203k and see what all the trouble is about. It seems pretty straightforward, as long as you have your contractors in agreeance with your payment terms then you sh...
James H.
Rental payment conversion success
Well, we just checked the bank account online a couple minutes ago and low and belold, there was a deosit in the amount of rent owed for October sitting there!
This is great news because my last interaction with thes...
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...
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...
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 ...
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...