Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...
Investment Info:
Single-family residence private money loan investment.
Purchase price: $40,000
Cash invested: $15,000
Sale price: $159,000
We partnered with an experienced real estate investor (...
If I buy a Duplex property and use an FHA to finance the property, could a 6% seller's assist basically give me a no money down situation?
Example: 350K Duplex and Garage and seller is very motivated.
Down Payment ...
Let's say I purchase. house hack with an FHA loan, would the closing cost still be roughly 4% of the whole property? Would I be responsible for covering the whole closing cost? How do closing costs work? Any advice w...
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...
If you are selling a multi family property and say 5 tenants have a negative balance. Does this get washed at closing? I think it would be unfair to the buyer if the seller credits themselves the security deposit amou...
I have a tenant (a non-profit business) who hosts a huge summer event here, and they are suppose to move into our place in June. This is the 3rd year we worked with them, and they are great tenants. They signed and pr...
So I'm 17 Years old and looking to get into the business of real estate agency and investing when I turn 18, what are some helpful skills/tools/tips to help a young kid like me prepare myself for a career in real estate?
I build then lease student housing near a local university in East Texas. Unfortunately that university accepted those silly internet based service dog letters. When these kids come out of the dorms to find a new apar...
Title doesn't do much justice, sorry!tl;dr The previous owners were terrible landlord's and lost the lease. During the sale of the house, they "made up" a lease and Estoppel that forgot to mention that they collected ...