What is a typical loan fee I should expect to be charged by a commercial loan brokerage firm for an apartment building purchase?And would it be typical to be asked to sign a Financing Authorization agreement that has ...
Hi there! I applied for a DSCR loan and the terms include vague language indicating they may be a penalty if paying the loan early. Is this common for these types of loans? Is there a typical minimum period where the ...
I'm a big fan of Frank Lloyd Wrights open plan 'Unsoninan' homes. I think there are rehabs where the living space is so small it makes sense to put in a spacious open plan addition and use the existing living area fo...
Hi -How have others handled it when general contractors have increased the cost after the job was complete without an agreement for additional work. The GC is arguing that items were outside of scope of work (which wa...
What is the better option?1. Furnish your rentals with appliances (fridge, stove, washer/dryer) and assume responsibility for when they break2. Have tenants be responsible for appliances and therefore they are respons...
Hi,What is the general rule for commissions on a rental for realtor? I am understanding that the brokerage gets 100% of first months rent. . Apparently 50% is for my broker and the other 50% is for agent whom found th...
Hello everyone!When my wife and I closed on our new fourplex we knew there were several issues we had to take care of with the township. One of them is that the plumbing for the in unit washers may not be vented prope...
I am considering buying a portfolio of 7 condos in Memphis, TN. They are in a great area, big upside potential. Everything about this deal looks great. But I am nervous about working with an HOA. This is my only hang ...
Hello everyone!
Does anyone know if there is any work around with Dcsr loans if the owner wants to live in the house?
What are the common issues found during home inspections in this area? Are there any red flags I should watch for?