Caleb Gutierrez
Private Lending Contracts
Anyone have suggestions or must-haves when it comes to structuring a contract with a Private Lender funding the purchase and holding costs of properties?
Rudy Brown
tell me if this cash out closing cost number sounds right??
Hello everyone, I am in the final "R" of the BRRRR strategy and I just received my estimated cost to close. It seems really high to me. See below: Loan Amount = $127,500A. Origination Charges = $2186.88B. Services Bor...
Noble Willis
Cash Out on Rate and Term Refinance
With rates at the current lows, I'm looking into conventional refinancing to capture some savings (on my monthly bill but also long term interest). I had a few questions that I'm hoping someone can answer.1) Can you ...
Tom Price
Closing costs seem high
Purchasing a new construction rental in Jacksonville, FL.163,000 purchase price 25% down closing cost with prepaids are 7835.00 30 yr fixed 4.47% with 775 Fico score.Closing costs seem about double to me. I thought th...
Troy Peterson
Bought a house from a Homeless Guy
Investment Info:
Single-family residence wholesale investment in Orlando.
Purchase price: $23,000
Cash invested: $23,000
Sale price: $79,000
Bought this house form a homeless guy. It was vacant ...
Linda Mandet
Low Closing Cost Refi
We are looking to Refi an investment property but have been quoted $4500 to $6300 for closing costs. Goal for Refi is getting rid of Mortgage Insurance currently have 4.87 int. rate was hoping to find around $2500 for...
Account Closed
SHOULD I ASK FOR SELLER CONCESSIONS OR DISCOUNT OFF SALES PRICE?
..."the inspection came back okay, but there's about 10k of cosmetic stuff that needs to be fixed and the seller is willing pay for." STOP and listen to good advice!As a Florida Mortgage Broker, I see so many borrower...
Maël Fortin
Paying a year of rent up front
Hy, ont of my renters want to pay me a year of rent. He also want a discount for paying everything up front. What is a reasonable/normal range of discount I should offer him/accept from him? Thank you a lot!
Veronica Haniger
Should I Cash Out Refi to jump start some out of state investing?
Hi BP! I'm new to the real estate world and am thinking that in addition to some of my savings, I'd like to use some equity from my primary residence to purchase an investment property. I'm not a math whiz and it se...
Terri Donovan
Another Partial 1031 exchange question
I cannot find the answer to my question. Hoping someone here will help me figure out tax consequences of this scenario: Purchase price 150KImprovements 118KDepreciation 77KSale Price 450K So my gain is 450 - (268...