Derek Hookani
Private lending fee structure
Hi all,A newbie question here. When a private lender lends out money that comes from their HELOC, they have the cost of interest to lend out that money. Is what they charge normally on top of that cost or inclusive of...
Nick Brown
Mortgage company pulled a switcharoo
I got a contract on my first rental property two weeks ago. Duplex. I intend to live on one side and rent other side out. I was pre-approved by a mortgage company. Everything was going fine after it was under contrac...
Richy Johnson
need help structuring terms for a multi family or apartment complex
please let me know if you have successfully completed a creative finance deal and you have some terms example breakdowns i can take a look at much appreciated im trying to buy an apartment complex asap
Jack Mastrangelo
A printer that will accommodate an invitation sized envelope
We are trying to utilize an invitation sized envelope with a 22 pt font. Anytime we increase the size beyond 20 pt, the printer/pc displays an error message saying the size of the envelope doesn't match the paper in t...
Red Johnston
1st Time Buying REO at Auction....what should I expect?
This would be my first online foreclosure auction and I'm looking for all the info I can get.
Quick Facts: $425K judgement, Comps just over $800K
A few questions
1. How does the online auction work? Can I see wha...
Mitch Miller
Servicers fees for Notes
I am looking into purchasing notes but all the servicers of notes seem to charge 30 bucks a month. Most of the notes I’m looking at have payments of around $300. My question is is this normal and should I keep lookin...
Bill Dodge
List of excessive damages that can be deducted from deposit
My first tenant is moving out and it is not going smoothly.There seems to be a lot of excessive damage to the house and I want to know what is normally considered excessive damage.Is there a standard listing of typica...
Michael Garcia
Security Deposit
Inherited a 14 year tenant. She passed away. Family is asking for the security deposit. All the carpets in the whole unit need to be replaced. Is that normal wear and tear? I wasn't there 14 years ago when she moved i...
Ian Henderson
Security Deposit deduction
This is a general question for security deposit deductions made by a landlord of a complex. Recently I moved out of an apartment complex after a 10 month lease. There was a pre-move out inspection where everything was...
Gregory DuBose
Investor from Chicago ( Lake Zurich )
Hey BiggerPockets: My name is Greg. I am investor located in Chicago, IL more specifically Lake Zurich. I have been working in the mortgage industry for 10+ years on the accounting side. I currently own an inve...