Jonathan Riordan
Origination fees 2.5%?
I am under contract on a house and my lender sent over the closing cost estimations. It looks like they are charging an origination fee of 2.5%. This seems high compared to what I have seen in the past. What have y'al...
Nilo Gabales Samson
how to determine approximately the ARV of a property
hello biggerpockets community. newbie here.. just want to ask if how would i estimate the ARV of a particular property? is there any checklist i should consider to find out the ARV? any calculations as well?? your rep...
Mike Dusenka
Private Money Lender & Multifamily Refinancing (Questions)
Let's say you use a private money lender, so you pay cash for a multifamily property and the rehab costs. Is it more difficult to cash-out refinance after you raise the value of the home compared to an HML or traditio...
JR Rivas
Are these closing costs too high?
Hello,
I am looking to close on my first property and I just got the paperwork to sign from the lender & the closing costs are about 10% of purchase price(not loan amount).
I know typically the closing costs a...
Kevin Powell
Can someone tell me what this means exactly?
I was having a conversation with my buyer asking if he prefers to run off 70%ARV vs 65%. His response was "I can do 80% LTV with purchase price and repairs compared to LTV."Can someone explain exactly what that means ...
Ali Aldhanhani
Newbie Rental Proprties Questions that I'm looking an answer for
Hello BiggerPockets community, I'm a new newbie to real estate invsesting and in the past few months I have been learning so much about it so I gathered some questions for topics that I did not understand well and I a...
Chad Trail
Duplex Appraisal - Comps?
I am in the process of having a duplex refinanced in Ft. Wayne, IN. When I look online I see nearby duplexes that have sold at a price that would substantiate my value in the $180k-$200k range. However, those duplex...
Jaz Patel
How to compare 10 different official loan estimates from lenders
How to compare 10 different official loan estimates from 10 lenders to find best deal?All these 10 different official loan estimates have different numbers for everything. Please advise, Thanks!
Paul Sanchez
NEED SOME ADVICE
Hello,Okay so I'm just starting out as an investor. I am a agent the Phx area. but new to the investing side i got a couple questions. I have a deal I'm looking to get into. its 4 unit multi family. monthly rents 230...
Shaun Sanville
Find comps on BRRRR deal
I'm analyzing a single-family BRRRR deal and there are no comps I can find on the property for determining the ARV, because the property is so large compared to the other comps in the area. Anybody ever run into this ...