Daniel Silva
Typical Finance/Lender Turntimes
Hello everyone, I was wondering what your experience has been in the past with overall turntime & process is when purchasing an investment property? I have 3 currently with 2 different lenders who were both able ...
Joel Ortiz
Mobile Home Park facility LOI
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 ...
Account Closed
Tucson forcing Landlords to accept Section 8 HUD, Phoenix Next
"In years past, the City of Tucson took months to process payments, leaving participating property owners with arrears of tens and hundreds of thousands of dollars, in some of the most egregious cases. With the presen...
Courtney Rollins
DO YOU SHARE SKU'S? IS THAT EVEN A THING?
I recently attended the BWI REI meet up hosted by Bill Ames. J. Scott gave the featured presentation on starting and scaling a sustainable company. He provided so many golden nuggets as he shared six essential steps ...
Jeff Bousquet
Commercial Loans Question
How is the morgage process for apartments over 6 units?I understand a commercial loan is required. Is down payment a standard 25%? What are the reserves requirements? Anything else required?
Mona Lisa Harrison
FHA Increases Threshold of loan amount for multifamily
From HUD website:Federal Housing
Administration Increases Dollar Amount Threshold for Large Multifamily
Loans to Be Eligible for Standard Underwriting
Change facilitates greater flexibility for lenders when under...
Zeng Fan
Title insurance commiment question
Hi BiggerpocketsI am in the process of closing my first investment property in philadelphia. Received the title insurance commitment file from the title company in which there is a section called "EXCEPTION". Under th...
Maxwell Lee
Title Commitment Fee Estimate
Greetings! I am in the process of completing my first purchase in Chicago and was wondering if these numbers look fairly standard for title co fees. This doesn't include all the loan fees that will be coming later. Th...
Robert Renne
Appraisal Question
Today my lender sent me an email asking for the purchase agreement on a new duplex. He said that the appraiser has asked for this document in order to complete the appraisal. Is this standard practice? I see no reason...
Steven Long
Utah Tax Deeds questions
Where do I go to find out information about Utah Tax Deeds?
How much money do I need to start?
How do I do due diligence?
I am looking for property that didn't sale at their la...