Hi fellow investors, I am in the knowledge-gathering zone and when it comes to the topic of how to pay to the contractors, I have read people saying that they only pay for the material cost upfront. But when exactly i...
Hello! We bought our first two rental properties this summer! One thing I have ran into so far was how to collect upfront cost from an approved applicant when signing the lease from a distance. We had the tenant use p...
I'm thinking of buying a large multi family complex, I need some advice on paying for the out-of-pocket expenses like engineering reports, appraisals, and inspections. I have a friend who is an inspector and may ta...
Hi,
Can anyone explain how some lenders are offering low interest 3.5-4% but I need to pay for points or upfront costs? What does the points actually do? How does this method of lending affect a 30 year fixed?
Cheers!
What does the BP community think of paying closing costs up front or should you finance the costs? I am currently looking at refinancing my FHA to conventional after one year but financing my refi closing costs will p...
Outside of the down payment, I'm trying to calculate how much money I'll need to have ready upfront in order to purchase a 12 unit apt. I know the exact numbers will vary dependent on location, season, etc. But could ...
Hello,
I'm a new member and avid reader/listener of biggerpockets.
I recently came across what seems to be a great deal for my first BRRRR property.
I have contacted a few hard money lenders and after doing the mat...
Are there any upfront cost associated with hard money loans? Are cash reserves required before you can get funded for a hard money loan?
My question is this: should I try and get a tenant in my rental as fast as possible or spend the upfront money to improve the home so as to have it appraise more? This way I can get a bigger sum from a cash out refi...
Hey there!I've been investing in small multifamily for a few years and I've done everything from flips, to professional management, to wholesaling and more. With that said, I'm looking to advance to my end goal - inve...