Shawn Trousdale
Do lenders require a fee to get into a conventional loan for investment property?
My wife and I are looking to get into an investment propoerty in Texas. We are using personal contacts to gain knowledge and get conected with professionals. We have been prequalified for a conventional mortgage at ...
Matthew Lindsey
Commercial loan question.
Hi, Ill start by saying I am a newbie. I just made my first investment in July on a two duplexes. I really enjoy being a landlord so far. I have recently taken the approach of sending letters to owners of multifamily ...
Alfred Litton
Getting Killed on Property Insurance on Rentals.
I'm at my wits' end looking for decent property insurance for my rentals (four SFHs). My rates have spiked 35% in the past 2 years. Is this happening to everyone else as well? I'm paying about $1000/yr each on homes v...
Joshua Durrin
Why sell a note for less than face value?
Just curious, it’s never made sense to me why someone who originated a loan for $100k for instance would sell it at a discount. If I spend $100k, then collect 12 payments (seasoning) and then sell it for $90k or so (s...
Jordan Higley
My lender may sell my note, is this good/bad for me?
Hello smart people of BP...I had a question regarding my note with my lender. I have a private lender who just helped me snag my first deal and we were talking on the phone the other day about how he could possibly se...
Luke Carl
Your thoughts on letting friends use your VR??
After nearly a year we had our first friend request to use one of our cabins. He mentioned a few times he'd tell everyone he knew to help us get business. I replied each time with "thanks, but we don't need help. In f...
John Thedford
25K Note For Sale: What Would A Typical Offer Be
Hello all:
I have a man holding a note he wishes to sell. It has a face value of 25K at 6% for five years. The payments are about $480 per month and they have made six payments. Note holder wants 21K for the note...
Ashley Wolfe
When someone inquires about staying an entire month...
What questions do you ask? Do you entertain such requests? Do you have a formula for longer stays to give a discount? Do you consider doing off-platform transactions when you receive an inquiry from outside Airbnb/...
Eric Johnson
Discount On Listing Fees
I flip 4-5 houses a year and have done so for a few years. Is it reasonable to ask the listing (selling) agent for a discount on the standard 3% fee that goes to the selling agent? I know I can't control the buying ...
Account Closed
Triplex For Sale - Realtor is Owner - Need Advice
I found a Triplex for sale for $219,000.It consists of:Main House 3/2 (Could rent for $1,100)Apt 1 - 1/1 Occupied $500/moApt 2 - 1/1 Occupied $500/moTaxes - $2,200Insurance - $1,300? (Guesstimate)Vacancy - 7%Repairs -...