Hello Fellow BP Members,I am a newbie investor in the process of investing in tax delinquent vacant lots for the purpose or reselling. I've found a few properties that I'm interested in that I will be sending offer le...
I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
So I have been vetting private money lenders from a pretty reputable website and have asked multiple questions about how the process transpires. In the experience from all of the investors here on the BP forums that...
We are working through an FHA mortgage and starring at the Application Fee worksheet. I see a processing fee, underwriting fee, doc assembly fee, lender fee, lender title policy, owner's title policy, closing fee, Tit...
I could use some advice and feedback on a few mortgage lenders, and servicers. I am shopping for a conventional conforming 30 year fixed mortgage for a primary residence. Fico's over 740, no debts currently. Doing a ...
Hello,
Is it acceptable to pay origination of the loan before loan can be disbursed to borrower (it can be few thousand ) ?
What gives me a guarantee that I will get after that all loan amount ?
What additional tes...
I am looking at purchasing two 3-unit townhouses as a package deal. Each townhouse is $90,000 each, for a total of $180,000. I am going to get a separate mortgage note for each property.
I talked to a bank the other...
I recently received an email from the management company that manages the coop building where I owe 1 rental unit telling me that in order to renew the lease with my tenant I would have to pay a 'renewal fee' of $250....
im looking for dscr cash out refi and i have multiple properties. I came across few lenders and their fee is almost 8k for a cash out of 150k, so I am looking for better lenders who offers with less closing cost (lend...
Is it standard for property management to charge renewal fees to tenants if they want to renew their lease?