Allen L.
4.6K closing cost (excl. prepaid) on 62.5K property, seem high?
Hi guys,I got an initial disclosure from a lender for a loan on a 62.5K property. The terms are 30 yr fixed 5.375%.Here is the snapshot of the closing costs excluding prepaids/escrow.I confirmed with the lender that t...
Surya Kumar
Help with undestanding of Closing costs
I am going to close my first ever purchase (105k with 20% down payment). Just got a loan estimate from my lender. I have to accept it is more than what I estimated.I actually estimated at 4-5%.I would like to understa...
Jill F.
Last Month's Rent in Ohio in addition to security deposit
Hi fellow Ohio landlords, The law in ohio requires that landlords pay (5% per annum) interest on security deposits over one month's rent that are held longer than 6 months. http://codes.ohio.gov/orc/5321...Will the c...
Robert M.
How much should I expect to pay for a list?
I am new investor who plans to start my wholesale business this January. I am in the process of researching how to buy a decent list to market to.
My criteria is as follows:
Absentee owners
...
Carley M.
Moving Investment Property to Trust?
I have an adult special needs son. I bought a 4-unit property for him to live in (I occupy one unit as well) and so that when I die, he will have an income stream above and beyond his Disability payments. In order to ...
Al Fenkner
Tenant paid lease in full and property management is keeping it
I have a renter who paid $17000 to my property manager to cover their remaining lease, but the property manager is holding the money rather than sending it to me. I understand that they will need to retain their mont...
John Mason
Buying Investment property at 15 percent down using conventional
Buying Investment property at 15 percent down using conventional.What would lenders look for as documentation? Tax returns and w2 paystubs?For a 300 K in Tampa Area what would be the down payment?When we buy primary ...
Sean Davis
Another new young guy :)
Hello everyone! My name is Sean and I'm brand new to real estate. I'm 22 years old... I have been married for almost 5 months... My wife and I have no kids and I am Active Duty Army (Sergeant E-5) with 4 years in and ...
Grant Francke
Best time of month to close.
What is the best time of month to close? I know I've heard it on the podcast before but I can't remember. Looking to take advantage of the amortization schedule to get the most rent before a payment. Thanks!
Kairaba Burson
private funding secured by real estate.
how do i secure private money lenders funds with the property if they are doing 100% funds at closing? On another note. How do i secure their funds if it's just for the down payment on a loan? I contacted one title ...