Jerry Rode
Need Advice on Creative Financing Strategy - SFR
Situation:
A family is looking to rent a larger single family home for up to 2 years (international family on work visa until end of 2013). They currently rent at $2400 per month in my sub-division and want to rent i...
Mary Joe
Covid19 - signing a new lease amid Florida Eviction Moratoria
Hi All, need some good advice here.Is it wise to sign a new lease with a new tenant the end of this month amid COVID 19 eviction Moratoria law in Florida?It sounds like almost any tenant can invoke this law and avoid...
Lynne Martin
Realtors job description?
Hello, I'm working on purchasing my first investment property and wanted to know what I can expect from a realtor. I have talked to 4 realtors, and it doesn't seem like they want to help. Can someone please let me kno...
Account Closed
Obtain Financing for Auctions
At a local property auction, I noticed many people were paying with Cashier's Checks. Were these individuals using their own cash to pay for the Cashier's Checks, or were they funded through loans for their Cashier's ...
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...