Kevin Reinell
Do you disclose assignment fee to end buyer?
I have a seller finance deal in contract that I want to assign, I have an end buyer that is asking how much my assignment fee will be. Do you disclose assignment fees on a seller finance deal?
Nathan Gesner
HUD Issues New Service Animal Guidance
HUD issued a new notice regarding service animals and reasonable accommodations under the Fair Housing Act.CLICK HERE for the official announcement from HUDThis guide provides housing providers with a set of best prac...
Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Dmitriy P.
Closing costs on my first deal...need help
Hey BP, I'm under contacts so far and I asked the lender to provide me a Cash to Close Statement. This is my first deal so I would really appreciate some seasoned guys/gal to help me look at this statement. It just se...
Guy M.
Wholesale Assignment Question
I am beginning to wholesale in my area and I am unsure on something I thought about concerning the assignment of a contract. Here's an example I was thinking about:1. Wholesaler finds property with an ARV of $140k2. E...
Account Closed
Questions to ask a HM/PM lender
Hi guys:I am in the process of doing a 1031 and am looking at HM/PM to make up the difference between the property I'm selling and ones in the area I'm looking at purchasing. I'm preapproved for a conventional mortga...
Edward F. Mahoney III
MA Application Fee through sites like apartments.com
Hi everyone! I am a fairly new to real estate and currently in the process of finding a property to house hack in Massachusetts (North Shore Area). I have been studying up on tenant screening laws and cannot seem to f...
Mike M.
Average cost for cash out refi?
How much are you guys usually paying all in for cash out refinance? I’m paying the following fees which total 4K for the refi:1) lender administrative fee - 1,5002) origination fee - 9953) appraisal, tax, flood, credi...
Nicholas J.
Rate lock “typical fee”
I am doing my 2nd cash out refi on a rental house, and the bank is telling me I have to pay $450 rate lock fee, which I said I don’t want if there is a fee with it. They claim this fee has to be charged whether I wan...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...