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Is it common for a house flipper to pay a buyer's closing costs? I have just listed my 1st flip for $220k and got an offer for the asking, but the buyer wants $8k for their closing costs. I was unwilling to pay the $8...
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I signed a contract with a marine contractor for a dock and a seawall. The contract included 112 cu yards of fill to backfill the wall. That's what he estimated. Contract stated that any extra fill will be billed at $...
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Hi everyone!An interested tenant wants to lease our furnished home. 3 dogs and 4th is an ESA. Based on experience, we usually have 1 dog/family or tenant. How much is a reasonable non refundable pet fee? Usually we ch...
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I purchased a 2 bedroom condo in the DC area (U Street area) and am now using it as a rental. The condo is 1000 sqft. Should I get an extra umbrella policy up to 1 or 3 million? Please let me know if there is anything...
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I have a new Rental property that I BRRRRed and is cash flowing relatively well. There is no early payment penalty on the loan. An extra $100/month would equate to the loan being paid off 7 years earlier and $27k in i...
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We were given these two options when we refinanced our house recently: 5.25% with $8000 cost OR 5.875%. My husband chose 5.875% with the following reasoning:"If I had applied for a 5.25% rate for a $401250 loan, the l...
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The answer should be none of it but that doesn't always happen.
I have stayed in several vacation rentals with kids and a dog and always treat the home with respect and leave it in a pristine condition.
We had a gr...
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Hello all. My understand ing is there are three main approaches to asset protection and anonymity. 1) Wyoming(WY) Holding LLC purchases properties and leases them to individual LLCs (Operating Companies).2) The WY Hol...
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Looking to get my feet wet on a possible flip. Currently its asking price is 50k, value to comps in the area 100-115k. 2,000sq ft home. 3 bed 2full bath. Basically if it were only construction I would have bought it...
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This house was a 2/1, but there is a sliding glass door in back, where owner put on a very small addition with a half bath. Floor appears to have a very slight slope, and roof shakes a little bit when you walk around ...