I realized that my property management contract states that I'm paid 20% of gross revenue, but in fact, I pay the cleaners their fee first (I mark it up a little on my OTA to factor for platform fees) and then I take ...
We’ve been working with a lender for about 6 months to finance my first home. We are in a unique situation as we are buying a home out of a rent to own agreement. The first 4-5 months I worked with an inexperienced lo...
Doing a cashout refi and not sure what to do. Would you take a interest rate of 4.125 and pay $1400 upfront in extra fees or take 4.75 and save the $1400. Comes out to a $30 difference on a loan amount of $75,000. 30...
Just looking for some advice. An offer has been accepted on my first rental house. Closing costs were much more than I was expecting (and what was originally quoted for me) on a fixed 30 year mortgage so now I am ex...
Hey Y'all. I am @KountryNotary. I am making the transition from a Mobile Notary into Real Estate Investing. I have a great deal of experience with Real Estate Documents, strong knowledge of my local market in Southe...
Hello Everyone, What is the standard practice for applying (or not) both of the following in the first month of a new tenant placement: 1) the monthly property management fee; and 2) the leasing fee (1/2 of the monthl...
I know there are hundreds (thousands probably) of lenders out there that offer a DSCR product. I am posting here because I am looking for some advice or recommendations from other investors who can recommend a lender ...
Banks, lenders and brokers use SAME information quoting rates so if you know what they need to calculate rates you'll get quick accurate quotes. This makes calling around MUCH easier. Here's what you'll need to k...
So, to humor myself today I opened one of those common mailer advertisements to see what crazy low rate they wanted to push me on my condo for. To my surprise it was actually for a 4plex that I just purchased less the...
Thank you all for a wealth of information on here. My question comes in regards to the closing costs. Everywhere I read it’s from 2-5%, but my lender , 30 yr conventional , investment property , has closing costs out...