John Thedford
What Might A Typical Pre-payment Penalty Be In SW Florida
Greetings fellow BP'ers...I have been doing some private lending (for some BP users as well as others) for some time now. My general parameters are 12%, 4 points origination fee (rolled into the note), for one year wi...
Jeremy Rotert
Delayed Financing Exception
Listened to Podcast again 233 last week, with Arianne Lemire. I am interested to learn more about this strategy. Can someone explain to me in greater detail how this works? What are the requirements? Can it be done ...
Cliff Bradshaw
Is this a Deal?
Pretty motivated seller wants to sell his old home to move to his new home. Here are the numbers:
Asking - 200k (way too high)
Owes - 165k
FMV - 170k thru 185k
He has tennants living in the home now but I don't kno...
Franklin Marte
Down payment assistance programs
Is it a good idea to use a down payment assistance program? I want to get a house and I don’t have quite enough for a down payment I’m trying to think of ways to come up with a down payment I’m planning to use an FHA ...
Cameron Feldhaus
Tenant requested to be refunded a day after moving in...
I have a tenant in my building that just moved into his unit yesterday after signing the lease agreement and wiring the deposit and first months rent in the amount of $6,000. This morning I received a text from the sa...
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What Were Your Biggest Hurdles Starting Out??
What are some of the biggest hurdles professionally that you've encountered and how did you make it over the hurdles?
Account Closed
Need help on my first MF! (Also my first home!!!)
Since I am a new investor and also a first time buyer you will most likely need to probe me for more information than I give here...
(Within a day or two) I will have the option of being under contract on this tri-pl...
Vidit S.
Should I pay off mortgage faster or save for a new property?
Hi All - I am hoping all the experienced and smart people here can guide me so will cut right to the chase - I have a property in New York City as my primary residence and I want to know if I should pay off the princi...
Simon W.
Asking Seller to pay for closing cost and escrow fees?
Hi,
So I am in the middle of negotiating with the seller.
I told to listing agent that if I want to accept the seller's offer, he would have to pay for all the closing cost and escrow fees.
(I am new to this. This ...
Kenneth Ye
DSCR Refinance Quote
Hi Guys,I have a SFH in AZ that currently has a 8.25% DSCR 5 year prepayment penalty of 15k. I have a 800+ credit score and a one year lease in place that is 1.00 of the PITI. Current loan balance is 302k. Current va...