Timothy Chi
Is a 15% down for a duplex the standard?
Hi everybody! Looking to purchase my first property over this next year, ideally in Bellingham, WA. It's slim pickins over there right now but I'm patiently waiting for something to pop up. I've been reaching out to ...
Hary Askenazi
Original fee for managing members of llc for multifam investment
I have invested in a number of multifamily deals via 2 different companies. One of them presented a new deal to me but I see there is an "origination fee" of 1.5% that goes to the managing partners of the LLC (they al...
Coleman Nelson
Late Fees for Utilities?
We have a lease that stipulates rent is $525 per month and the tenant is responsible for all utilities. This is a duplex with one water meter, and we had submeters installed to divide the cost between the tenants, an...
Eldridge Stroman
SELLER HAVING STIPULATIONS?
There is an owner in my area that evidently has a pretty big portfolio and is selling quite a bit of it. There are only pics of the outside, most of the properties are older, so! no doubt renovations will be needed. T...
Brittany Smith
Anyone offer 80 % LTV for BRRRR property?
Help! Anyone have recommendations for bank, credit union, ect. That is still offering 80% LTV? Best we can find is 75%. We have had property for 6 months. Would prefer to keep property in business name. Thank you
Nghi Le
MLS Pending Status
When does a property normally get to "Pending status"? Is it mutual acceptance and both parties sign the contract? Or is it when the Inspection, Financing, and/or other contingencies are waived? I'm not sure if the...
Matthew Wetmore
Househacking Taxes in South Carolina
I just bought a triplex in Greenville, SC and I am currently living in one of the units. My escrow was just raised by $300/mo because when I closed on the property, they assumed I was the primary resident and would be...
Brendan Chase
What interest rate should I pay on a 30year commercial mortgage?
Looking to get my second multi unit - currently have a duplex and looking at a triplex. Banks only offer commercial/investment loans for a second property, and it looks like there’s nothing under 5-6%. Seems pretty h...
Trevor Deeter
Paying Contractors Upfront Or....?
I'm speaking with GCs in my area. As very few are available, I'm limited, which is a bad spot to be in. I feel like I can't be picky since my options are limited, but to not be able to scrutinize over quality as much ...
George Ramsay
Earnest Money
My and my agent have a bit of a disagreement regarding earnest money when submitting offers to bank owned properties. She is trying to minimize risk and believes that a maximum of$500 is all we should offer. My though...