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Could be a silly question. I'm doing a BRRR in Birmingham AL. Working with a local bank on the refinance. I was quoted a 4.35% interest rate. The bank is saying that it is a higher rate due to me being an investor. Is...
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Hey BP,I'm posting this simply to start a discussion about what should be expected when doing a rehab/renovation regarding inspections. I know different cities and different states have different "standard practices" ...
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Hello,I am ready to rent out my first SFR in Pasadena, CA., and will be managing the property myself. Regarding who pays for which utilities, is there a standard approach or model in Pasadena. The yard is new and n...
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Hi Everyone,I have an interesting question regarding a potential tenant. A guy came around the property over the weekend and seemed like a good, upstanding dude. He was open about having a dog, only smoking outside, e...
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I know this will be different for everyone, but I wanted to get a general sense of wholesalers' terms and what's considered standard practice.
For example, I am in talks with a group that fulfills multiple roles: w...
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I know a successful HML based in NJ lending mostly in Tri-state area, on creative loans that most lenders turn down. He runs a conventional fund, that lends HM on standard deals, but bunch of deals fall through the cr...
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I have three questions in filling out a out an LOI- How long is a standard due diligence process ? - How much of a deposit should I give ? - How much are closing costs ? My property financials will be 3.7 million ...
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I've been considering switching insurance carriers, because my rates with State Farm keep creeping slowly upward. I contracted a friend who runs a local Farmer's Insurance Agency for some quotes. After running my in...
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Hello!Hope everyone is enjoying the holiday season or the end of 2020 or both! To continue where I left off last time, after fleeing our personal home in Los Angeles and relocating to Arizona, we decided to rent out o...
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We have a commercial office building and our real estate agent plans on using the standard lease form to compose the lease. However he says we should have a lawyer to review it and add any addendums if necessary. My q...