Luke Mccandless
Appraisal fee seems really high
My family is being charged $3300 for an appraisal by the bank he is using ( This is for a commercial 11 unit mixed use property in Spokane Wa.) - This seems really high to me ?
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...
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:-...
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...
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...
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...
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...
Brandon Sowers
Fair rate and fee increases from your PM
My PM firm is located in NC and we manage just over 800 doors. Our management fees have gone basically untouched for the better part of 10 years. Our firm has a very simple fee structure that includes 8-10% of RENT CO...
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 ?