Alex Monaco
How much to pay passive investors in my flips?
Hey all,
I am beginning to come across more and more fix and flip opportunities. I use a hard money lender for the purchase and the rehab. I typically need to bring $75K-$100K to the deal for the down payment. I woul...
Bradley Miller
Proof of funds - 3 days before closing.
Friday at 430 bank calls to tell me I cannot use my two gifts totaling 24000 toward my down payment on my second three family. They say because it is an investment property gifts are no good. Closing was supposed to b...
Mark Douglas
Vacating Timely
It's move-out day for my tenant, but she isn't ready. (Still cleaning, packing, etc) Is there anything I can/should do to ensure she actually leaves today? Do you charge a late fee or pro-rated rent if tenants aren'...
Elijah Brzezinski
Lenders and commission jobs
I am a FTHB and currently taking steps to secure a lender. After getting on the phone with a lender, he informed me that due to my work history over the last 24 months, I will be unable to secure a lender for a house....
Tony Gos
Cash Out Refi
I'd like to buy a residence with a margin loan secured by a stock portfolio. However, due to the variable rate, I'd like to be able to refinance it as a conventional mortgage down the road. One of the advantages to ...
Steven J.
Lease/Option negotiations.
I would love to hear peoples opinions and $.02 about approaching a homeowner about a L/O deal.
I've done some work in the past with the seller so she knows my work ethic and that I'm responsible. I'm looking ...
Paul Zofsak
Initial loan with hard money and then refi with conventional???
It was suggested to me that I could use hard money to secure a property and then refinance 3-4 months or so later to a conventional loan. The idea being that a refinance is easier to acquire than a standard conventi...
Chad U.
Typical General/Managing Partner or Asset Management Fees?
Hello commercial or syndication investors. I know this may be a very broad question, and there are many variables involved in coming up with specific number. But based on your experiences, what is a reasonable fee ...
Menalik Archer
Private money or hard money under 50k
I have a duplex under contract for 48k. The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs. They told m...
Alex Zweydoff
Understanding the New Squatters Bill in Florida: What Property Owners Should Know
Property owners in Florida have faced significant challenges with squatters unlawfully occupying their properties. To address these issues, the Florida state legislature proposed a bill during the 2024 legislative ses...