BJ Marshall
Which Closing Costs Can I Contest / Reduce?
Can someone help me figure out which closing cost fees I can reduce or eliminate? Here are all the fees I'm seeing:Loan Discount Fee - Seriously, *I* have to pay money to get a *DISCOUNT*? What kind of discount is tha...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Danielle Davis
Cost Segregation to Reduce High Taxable Income
My husband and I are both doctors and have high six figure income from our practices. However, most of our income comes from managing other doctors working for us rather than us personally working clinically in our of...
Keivan Darius
Reduce Payroll Cost Using Property Management Software
Good Morning BP Family,I'm trying to see if there is a way to figure out which PMs leverage technology/software (appfolio, buildium, propertyware, Tenant Cloud,...) to reduce or eliminate the Payroll cost for multi fa...
Adam Beckstetdt
Landlord paid utilities. Best practices for reducing costs?
So I closed on a property that is 6 units. It has 3 electric meters. One for two units. One for 3 units. And one for a larger commercial building that I may rent to more than one tenant. Gas and water are all on one m...
Account Closed
Targets for Cap Rate & Cash/Total ROI in SLC UT
I'm interested in purchasing a 4 unit MFH with FHA financing and I'm trying to figure what targets are reasonable in terms of:Cap RateCash ROITotal ROIThings seem to be quite expensive and negative cash ROI and 6% cap...
Alex Olmo
First multi family purchase
Selling broker sent meat with this with response to offer. What does it mean??
“Credit to buyer at closing or price improvement.”
Grant Doyle
Making the bank handle your flood insurance?
In last weeks podcast @Brandon Turner mentioned he had a friend that would purchase flood insurance before closing, then once the deal closed he would cancel the flood insurance. This would force the bank to find an i...
Jack Stewart
Ways to reduce or finance closing / escrow Costs
Hey BP gang, was hoping to purchase a house hack in the Baltimore area and just talked to my first lender. They informed me that the money I would owe would twice as much as I expected because I had not accounted for ...
Russell Brazil
Reducing Housing Cost Key To Saving For Investing
Ive been hearing a lot lately, and this seems to come in cycles that people in expensive areas feel they can not save and invest. I categorically deny that. Ive lived pretty much my entire adult life in Boston and W...