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I am shopping for a commercial loan for a 6-plex rental property that is located in Houston. I heard that commercial loan has higher closing cost than the residential loan - is that true? Does anyone have any experien...
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SFR I currently have under contract. Probably $70-$75k in value, and my contract is for $45k. Plan on approximately $25k in rehab. It has a basement, and I learned today that flood insurance will run about $6k per yea...
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Is anyone aware of law or even fed. tax laws on having a tenant perform small maintenance jobs such as cleaning public areas, mowing and shoving snow in exchange for lower rent? Anyone have experience with this?I have...
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I was reading a blog post today on BP and the author mentioned a deal that had 10% down but no PMI. I'm looking at starting out my invensting with a single family home, but the type I'm most interested in are a bit ou...
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Hey everyone, I am under contract with my second property and plan to do a large renovation of the main house and the garage apartment that is on the property as well. I have been planning on using funds distributed f...
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Hi all,This is a bit unorthodox but curious to hear some thoughts. I reached out to a dozen lenders in Boston to find the best rate for my own mortgage. Many of my friends were looking for mortgages at the same time. ...
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As a lot of consumers may not fully comprehend what determines their insurance rates, I'd like to offer a concise explanation of the factors that come into play: Insurance companies are profit-driven businesses that p...
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Hello all,
I am looking to move my properties into an LLC, then have a local Jacksonville bank take over my mortgages. I want to start a relationship with a bank so that I may get competitive commercial real estate l...
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My apologies for being too new to know if this is a dumb question or not. From what I have gleaned, wholesalers are deal-makers, and they hand a lot of these deals over to investors for a cut (apparently, not of equi...
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I'm an out of state investor and I purchased a duplex in May (Fayetteville Arkansas next to the college). I hired a PM to help find the tenants and do showings. We were not getting a ton of leads and I quickly realize...