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I have a property I bought a year ago for $50,000, rehabed $15,000, now worth $100,000, current loan balance about $50,000. In theory I can refinance and pull $75,000 out doing BRRR strategy. Applied for conventiona...
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I've purchased a HUD condo for 76,000. I expected closing costs to be somewhere in the 3-3500 dollar range. I've just been given the HUD addendum listing seller payments and buyer payments, and the total I owe in cos...
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What other resources or what is the easiest way to obtain earnest money/closing costs for a real estate purchase (fix & flip))?
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Hey BP! I have my first RE offer in on a short sale and after a few months, it looks like the seller's bank may finally be approving the sale. I put in my offer at 103K and the seller's bank's appraisal came in at 95...
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Hey guys quick question if I was to purchase a property in Florida through the owner/seller directly would I avoid closing cost? Obviously would get a lawyer etc.
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Generally speaking, what are closing costs running on HUD properties in Los Angeles and Orange County? Around 2% sound right or more?
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As I've said before, I am new to this strategy of real estate. As of this moment, with about 3 weeks in, I am working 3 total leads. One is most likely just going to be a listing with me, as I am a Realtor. The other ...
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I'm a relatively new investor, and earlier this year took out my first hard money loan on a flip. The closing costs for the loan ended up being almost $9,000 on a $70,000 loan. I'm wondering if this is typical of hard...
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The most important aspect of wholesaling (or any business transaction) is making a profit. One topic I haven't seen specifically addressed is factoring closing cost on wholesale deal. Am I correct that typically the w...
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I'm assuming in an assignment, the buyer you assign it to will ay closing, but who pays closing in a double escrow?