Hello,I am putting together a deal and looking for a title company in Chicago. One got back to me with their pricing and I'd love some advice about whether it is a fair price or not. It is more than I thought, at th...
I just closed on my first SFR in Memphis and was a little surprised at how much closing costs were. I have 2 more in escrow scheduled to close end of the month. I would like opinions on the costs if they seem average ...
Hi so I just have a few questions. 1. when buying a Tax Sale Property is the winning bid all you have to pay or is there other hidden fees? 2. If the home is appraised at a certain price does the government make you s...
We are currently in a sales tax audit with the state of TN. The auditor is stating that it is my responsibility, as STR owner, to pay tax on the service fee that VRBO charges guests. How could that be possible? Thi...
I would love to hear from others how their short term rental management commissions are set up. The manager for my short term rental charges 30% of gross revenue. However, they include municipal taxes and fees as part...
I have a question, I'm closing on a flip next month and need help with my final buying costs based on my HUD. I've done the calculations, but my numbers don't add up. --------------------------------------------------...
I just bought my 1st rental property last year and need some help with what costs to file for tax return.Turbo Tax asking to escrow fees for following categories:Abstract and recording feesLegal fees, title search, do...
There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...
What fees are involved with owning real estate?
First time home-buyer trying to house hack on a 3-family home using an FHA in Troy, NY. I found one for $260,000. Monthly payments would be $2065 with an interest rate of 2.875%. With utilities & flood insuran...