Sean Youngberg
Determining scope of rehab on first flip. Rebuild original porch?
Hello flippers! I have begun rehab on my first deal. I'm partnered with a contractor and we are having a hard time with a few major decisions on rehab scope about exactly what should be done. He has the instinct to go...
Scott Pigman
Obligatory 2% Rule Post: Origins, 50% rule, and interest rates
I believe that it's in the BP charter that every member is required to start a thread about either the 2% rule or the 50% rule at some time. So here's mine.Does anyone know when and where the 2% rule was first stated?...
Steven Bond
2% finder fee 2% origination 20% ROI-9 Month balloon
FIG is opening up several new developments. The subject line returns are for 2nd position money. First position money is needed and will pay to investor 2% origination and 15% fixed for a 9 month term. Contact Stev...
Julian Buick
How important is it to have the original promissory note?
I just made a loan that was secured by a deed of trust and promissory note. I got the original deed of trust back after it was recorded. I asked for the original of the promissory note and was told that I already have...
Gabby Garcia
New member originally from CA but currently live in WA
I am currently working for a property management company as a leasing agent. I've been very interested in gaining knowledge for real estate investment. I have no experience what so ever, but I'm looking to be success...
Mehgan Moore
Should I get rid of the original cast iron tub?
We are currently living in a triplex and renovating our units bathroom. The original cast iron tub is in place and would look great with the classic retro reno we are doing. However the tub has already been resurfaced...
Eric Holm
Renter has more people in house then original lease agreement
I rented a 2 bedroom, 1&1/2 bath duplex to single mom and daughter 3 1/2 years ago for 975 a month. She is now on a month by month rental agreement. Last Sept, her dad and and an invalid man he cares for moved in....
Michael Zau
Grand Ave Condo : originally a buy and hold turned flip
Investment Info:
Other fix & flip investment.
Purchase price: $170,000
Referred by realtor. Asked for referrals for about 14 months. Still in Rehab, it does rent for 1800 if we decide to keep it. Fi...
Micah A.
Senior loan not escrowed at origination for taxes and insurance
I recently purchased a performing senior lien. While the audit was being performed by my servicing company they found that the loan was not escrowed for taxes and insurance at origination. They went on to inform me th...
Account Closed
Can someone please tell me what is Point/Origination Fee?
Can someone please tell me what is Point/Origination Fee?In the Rental Calculator expense partThank you