Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
Zach Ziskin
Seems like a no-brainer deal. Am I missing anything?
I've come across a deal from a wholesaler whose list I'm on. It's a property that is for sale at $75k, with both a tenant and property manager already in place. Tenant pays utilities. The property is rented for $975/m...
Cody Jensen
I Need Help, FIrst Deal, Is It Worth It?
Hi Everyone,So here's the deal, i found a 3-family and now the sellers have accepted my offer, i've been dealing with my lender and agent but now the number keep getting higher and higher. Does this sound right? Purch...
David Littleton
Who Pays Closing Costs
I'm assuming in an assignment, the buyer you assign it to will ay closing, but who pays closing in a double escrow?
Tricia O'Brien
Smart to get Pre-Paid Rent from Tenant Applicant ?
I'm thinking about offering a lease to an applicant using a strategy done by a local PM company in my area. I would like everyone's opinion if this seems like a reasonable and/or smart way and/or legal way to handle ...
Daniel Bogart
Seller didn't made off with prepaid rents, now what?
Hi BP,
A few weeks ago a few partners and I closed on a 10 unit apartment complex. It wasn't until our property manager collected the first month of rent that he had tenants in two units tell him that they had prepai...
Christine You
Tenant would not pay prepaid propane gas without receipt
Hello:
I am a first time landlord and running into a issue with tenant refused to pay propane gas that came with the sale of the house.
I bought the house and it comes with 2 100 gallon propane gas for heating....
Gabriel L.
My Seller Credit Exceeds My Closing Costs & Prepaids
Hey all,Seller agreed on $15k for seller concessions, but my closing costs are $14k, losing out on a little less than a thousand dollars. Still money that can be used for repairs.What can I do if my seller credit exce...
Account Closed
Title company did not catch that I prepaid taxes?
I am selling a place in Arizona for which I had prepaid taxes for the current year. The title company did not see that the money was being held in the treasurers office account ( they haven't applied it towards the c...
Ryan Marchand
Professional Deal Analysis - Impact of Prepaids on CCR, Proformas
Situation:We're acquiring properties at a steady rate (2-4 per month) and I'm looking to improve our cash management. The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining...