Katie Fajardo
Amount of capital for multifamily in southern california
I am a newbie to real estate. After listening to podcasts I've decided to start my investing journey by house hacking a multifamily that is move in ready in either the san diego or orange county area. I'm still analyz...
David C.
Recommended Amount of Liability Insurance for Your Rentals
To the group,
I am curious as to what the concensus is regarding the amount of liability insurance one should carry on a rental property? I happened to speak with a real estate attorney recently who had mentioned th...
Jamison Schweitzer
Mortgage amount higher than promissory note. wait...what?
Hi everyone - I recently purchased a property and at the closing table I noticed that the amount on the mortgage was significantly higher than the promissory note. I've never experienced this before. They've always b...
Andy Mirza
What's the highest amount servicers charge for payoff?
In this situation, I'm the borrower. My partner and I have a blanket loan on 14 condos with a payoff of less than $1 Million. So, this is a commercial loan.
About a year ago, the servicer wanted $150 just to provide ...
Rene Fernandez
Bank Reinstates Discharge Past Due Amount / Loan Modification
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
Dennis Ulrich
General Contractor charged crazy amount for trivial project
There was a small water leak under a toilet in a rental property I own. I asked a general contractor that I've not worked with before to fix it. We did not discuss pricing, and I instructed him to fix it and bill me, ...
Noah McPherson
What's a safe amount of leverage and reserves?
Hey BP,
I have two questions I think would be important for me, as a real estate newb, to have a better understanding of. First, at what point would you consider a person Overleveraged? would you judge if a person i...
Cheree Harris
Loan amount based on appraised value or cost
Hi! Can someone break down for me what it means when a lender terms state: “ loan amount will be the lesser or 80% of appraised value or 90% of cost.”
Zane Paul
Can I increase loan amount to fund repairs?
Under contract for a property, the purchase price is 80k on the contract. The loan is for 75k. I'm about 2 weeks into the loan process and found out the repair costs are going to be larger than anticipated. The seller...
Juan Castro
Significance of 75% when calculating the offer amount?
I've read a few articles where they talk about figuring out the maximum offer amount (ARV * 75% - Repair Cost = Offer Amount) but they don't go into detail as to the relevance of 75%. What does this percentage represe...