What is best practice? After closing on a flip, do you close the LLC or keep it open for the next opportunity? Even it were a partnership LLC?
Follow along with me here. You owe it to yourself. I was tipped off by this from a client that we took over today.
I went to VACASA.com and booked this cabin for January 11-14. The nightly rate is $127. The tot...
Hi all, Could someone tell me if loan origination charges are a fixed amount or if it is a percentage of the loan? I have heard that there are online lenders that don't even charge loan origination charges. Any recomm...
Any input would be great.
The tenant had told me she cannot go through with the lease.(circumstances are legitimate but an agreement is and agreement)
Signed on aug 15th for move in on aug 29th for a 2 year lease. ...
Looking to get a little advice here as I'm in the process of buying a 2-flat here in Chicago. I recently filled out the loan application and there was a section that was titled "loan estimates" where it has Terms, Pa...
Hello! I received the follow terms for a hard money loan. Is this a good deal?It's for a full rehab of a duplex. 3 beds and 1 bath in each unit. $400,000 ARV.Total Loan Commitment: $295,000 Interest Rate: 11 %Initial ...
From my understanding, mortgages are considered riskier investments than most other loans because the borrowers can repay early with little to no extra cost. If I hold a 6% bond and the rate on new issues drops to 3%...
Hi all,First time to the forum, first post, 4th property. Basic info about myself: owned properties, did major renovations, including foundation underpin. Renovated with personal cash most of the time. Considered high...
Hi All. First post. First investment property. Just getting my financial house in order and talking to some lenders. Most of them are quoting me: An origination fee - $2500A processing fee - $1000An Underwriting fee -...
I had the property manager send a friendly reminder, reminding tenants that rent is due on the 1st. Tenant 1, paid no problemo. Now on the other hand the other tenant states, "I get a three day grace period by law!!!"...