Demetrius Clayton
Lease option with Property Management
I’m fairly new to real estate investing so this might seem obvious but let’s say you turn a property into a lease option and you have a property management company find a new tenant for you I know that you pay them th...
Wade G.
Owner Finance Question
In 2012 I sold a house by way of owner financing with a seven year balloon. The buyers are now refinancing with a bank and paying me off. The title company wants to know the payoff amount which is easy enough to see...
Gary Dezoysa
How is the realtor fee, and other closing costs, adjusted on very cheap homes?
Hi, I'm trying to figure out what to expect in terms of closing costs as a percentage of purchase price for cash purchases on homes priced under $30,000.I know I'll save on credit report fees, loan origination, and ti...
Julian Sanchez
Financing options, who knows best? :)
Morning BP. Have these two options on the table for financing a little 8 unit. We'll do minor cosmetic fixes, raise rents that are way below and possibly cash out in a couple of years. What do you guys think?a 3/1 ARM...
Harrison Goldblatt
Looking for competitive loan offers
Hello All,I was looking for a loan on two cashflowing duplexes, ideally 30 year fixed. Lower down payment, and lower interest rate would be best.The best option I was given was actually a 10/1 Arm.Here are the terms:-...
Tuan Ngo
Capital Markets Fee
Good morning fellow BiggerPockets,I just received a final term sheet from Acqua Funding with a line item called Capital Markets Fee of $2250. That comes out to 30% of their total closing cost. This fee was not part of...
Mike Heu
Does this deal make sense?
Hi everyone,
We are currently living in Queens, NYC but are considering a move out of state (getting tired of the winters, high cost of living, need more space for our growing family).
One of the things we are cons...
Account Closed
Questioning Hard Money Fees at closing. Do these Fees seem right
I got my first hard money loan approval for 47,000. It's a Rental property with a 24 month term loan and no prepayment penalties. i only need the money for 2 month. Waiting on Heloc to process. Does the fees seem r...
Kui Kapu
Need help analyzing my 1st deal
Hello Bigger Pockets, We are working with a lender on the below terms and Im unsure if I filled out this report correctly. 10.9% / Origination Fee: 2-3 points ($2500 min) / Doc Fee: $1495 /Loan to Costs (purchase +...
Jay Ag
4% origination rate FHA
Closing on my first MFH with an FHA and just got the closing docs. Lenders origination rate is almost 4% is that too high ?