Hi, I am looking to refinance some of my rental properties. I have 4 packaged together and so far a loan program at 6.48% Its got a 1% origination fee and a 2% broker fee. Does that sound right? I feel like the fees a...
Hi, can someone recommend a software that I can create mortgage statements for an owner finance deal? I only need it for one property so I don't want any reocurring bill, just something I can pay a one time fee and us...
I need to renew lease for my rental in Texas. Wondering if a lease template is available here at BP. Which template/tools/website do you guys use for rental use. Thanks.
When you purchase a property for let's say 100K and you pay an assignment fee of 5K do you use 105K as the purchase price even though in the records it is entered as 100K?
Hello BP, I was contacted by few people on Linkedin offering me private money lending to buy Non Performing Notes, for some reason they sounded like scammers, one of the things turned me off is they email me from the...
Hi BP,Currently speculating the closing costs on my first property in Oakland CA as they seem a bit high and want to make sure I am not being jipped lol. Below is the break down I got, all feedback is welcome!Credit S...
Fees should be justifiable and easy to explain. Unfortunately, too many Landlords go with the Property Manager that's first on a Google search or that has the lowest fees (advertised fees, that is).
Have you experie...
Off-the-wall question for all of you who collect your own rents ...Is anyone using the Square point-of-sale device to collect rents via credit or debit card?Just wondering if that would be a viable option.
Hello everyone, I'm calculating that total dollar figure needed to execute a "Fix and Flip" project, and was wondering if some of the property purchasing costs such as, Title insurance, Land Transfer fee, etc. Could b...
I just purchased an investment property for $91,250 with 20% down on a FNMA backed loan at 7.625% interest and was charged the following:3.909% loan origination: $2,854Appraisal management fee: $85Processing Fees: $80...