Hi,
I have two BRRRR loans with Fixated Funding, both starting and closing on the same day. One loan was locked at 6.9%, the other at 7.1%. However, I just received the closing docs, and the rate on the 6.9% loan has...
I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
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We're selling our rental and the buyer is asking us to complete a bunch of repairs. Some of the repairs are legit while others are just nice to have. I was thinking about offering them a lower contracted price OR a cr...
BLUF: asking for talking points to take back to the Sellers and my buying agent to ‘renegotiate the deal’ to ultimately still purchase the property, but for less - what’s a reasonable ‘ask’?Background: 4 residential...
Hi All! Is it better to get a credit for repairs or reduction in sale price? My thinking is that it'll be less closing costs (because the purchase price is reduced), payments may be lower overall if I ask for a reduct...
So almost midway into the closing for my first investment property in Rochester, NY and I’m switching lenders. My original lender emailed documents today saying estimate of cash to close almost 13K 🥺. A local lender i...
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We are about to close on a duplex in Grand Rapids MI. Upper unit is a 2 bed 1 bath. Lower unit is a 3 bed one bath. Currently there is laundry set up in the basement with access only for the lower unit. We are debatin...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $173,500
Cash invested: $7,000
a move-in-ready three-bedroom, one-bath home situated in Central Lakeland with NO HO...
With interest rates going through the roof, I’m curious about what people are seeing with regard to refinancing investment properties, especially those that are at a lower price point.I’m looking to invest in smaller ...