Jim Sestito
Current Lender Reached Out about interest rates
BPReceived an email from the lender that gave me a conventional loan (4.5% rate) on a two family. Basically said "rates have dropped, and we should talk"- I have a call with them tomorrow. What is the advantage for ...
Arthur Banks
How do you handle multiple applications for one unit?
I'm not sure of the proper procedures for processing (say that 3x's fast) applications. I received an app 5/30 and another today 6/3. The first applicant said she could have the hold fee 6/6. I still have to do my due...
Ryan Moore
How to compare closing cost w/ different lenders
So with refinancing my rental, I'm finding it easy to compare the simple stuff: rate, points, ltv. Next level stuff for me will be the closing cost. Some lenders have provided me a complete list (see image below). ...
Riley Hoffman
Paying off Personal Home Loan or Saving for RE Investing
I am not sure this is the best place to put this discussion, but here we go. My question is would it be better to pay down my home loan on my personal home or save that money for real estate investing? The plan would ...
Jon Ful
Citation from City - Tenant Caused
Hi Friends, We received a citation with a $100.00 bill to our property for tenants leaving trash bins on the street. Can the landlord pay this out of security deposit or should the landlord pay it and send the tenants...
Conner Bryant
Pulling permits for rehabs
How detrimental is it to pull permits? What could happen if it was not done or is done to late?
Matt Smith
Expense allowed for 1031
I am planning to see property A to buy property B using 1031 exchange.In order to get top dollars for property A, I need to do some home improvements (paint, carpet, etc.)Is it possible get money from the 1031 exchang...
Ashish Acharya
Cost to get MLS access after I get my RE license?
Hello All,I have decided to get my RE license. However, I am not trying be a full-time agent. I just want access to the MLS to be able to run comps and schedule appointments on my own.I did some research on what would...
Ben C.
Can I pull construction permit myself (in NJ)?
Anyone know the answer to this?
I am interested if anyone in New Jersey can chime in (where the property is located).
This property will be be my residence it is in investment property.
Thank you.
Julian Inoue
Conventional Loan for an Investment Property - Lender Fees
Hi BP,I have a lender question I hope you can help me with. What should I expect to pay in loan fees when acquiring a loan for an investment property? I have great credit, zero debt and this will be my first conventio...