Robert C.
Maryland Closing Costs - 12k on a 106k loan??
Hi, my lender is quoting 11.8k in closing costs on a 106k conventional loan for a property in Baltimore County. This is just for closing costs + prepaids, excludes discount points. It seems insanely high. Does this s...
Eli M.
A tenant with criminal records
Dear BP Community,I am reviewing an application for a potential tenant. this is a couple, not legally married, without kids.They are both in their early twenties (22), first time moving in together. They are willing t...
Colleen F.
Do you ever rescind a offer to a tenant of a rental and why?
Ok so I offered a property to a group of 3 younger female tenants whose landlord references were very good. I was upfront about everything in terms of pre-paid rents security deposit etc. I send them the deposit...
Manuel V.
Rentor wants to pay a full year, currently on month to month
Hello Everyone, I am new to BP and currently trying to go through the entire podcast series. I have a single family which I'm renting out through a Month to Month agreement and have had it rented for 1 year so far. Th...
Charles Coaston
Do these terms sound right to you guys.
Biggerpockets,I just bought a home through conventional financing a few months ago. Now I'm looking at a duplex that I want to get a conventional loan on but make it my investment property. In order for me to get this...
Ashley Chris
can I take 4 months of rent as advance(in Arizona State)
As I am screening applicants, one of the applicants has low credit score (500+), no bankruptcies, no evictions but has late payments.a) Tenant is willing to put down 1.5 month security deposit (state allowed maximum) ...
Nick Foundas
Cash Out Refinance
I was wondering if someone could explain how a cash out refi works in more detail. This might be an option for me but wanted to get a greater understanding before I went into a local bank, I figure the less basic/ele...
Asish Balu
Closing costs are 14K on a 120K house?? Am I being cheated?
Hey all, Hi all, I put in an offer on a house in Baltimore City and it got accepted. I decided to go 119K with no seller assist, thinking that closing costs would run me at most 5-6% of the property.According to my le...
Amanda Thomas
So...How do realtors get paid?
“Possible” first time homebuyer/newbie to all things real estate. Get ready for a doozy of a question.... I was under the assumption that my realtor gets paid from the closing costs. I now know that’s wrong. So... how...
Anthony Kono
Closing costs question , more than 5%
Thank you all for a wealth of information on here. My question comes in regards to the closing costs. Everywhere I read it’s from 2-5%, but my lender , 30 yr conventional , investment property , has closing costs out...