Lawrence Bustos
Cashout Refinance Charges
Hi all I’m new to BP and I’d like your input on my current scenario. 1.) I am getting rates on a cashout refinance LTV 95% 2.) Value of loan at closing will be $342k and cash out will be $148k. 3.) interest rate will ...
Wilson Vanhook
Airbnb fees - Should host cover them?
Do you as hosts pay the airbnb service fee or defer it to the guest? Standard is 3% fee for the host and 20% fee for the guest. But, if hosts choose to pay the guest’s fee, airbnb will knock that 20% down to 11%. So t...
Ethan Kramer
$12,400 closing costs for $129,900 property?
I'm currently under contract for a turn-key investment property in Baltimore City that is valued at $129,900. I just received the documents from my lender showing total estimated closing costs of $12,400, making the e...
Account Closed
Assumable Loan Experiences
I'm wondering if those of you who have formally assumed a loan in the last 10 years could share your experiences. Was there an application, what was the qualifying process. If you were denied, what were the reaso...
Adam DAnna
Financing a Condo to Fix then Rent
I am looking to finance a foreclosed condo in Mercer County, New Jersey.- Purchase Price: $92,000- Repair Budget: $25,000I was quoted the following terms with a Homestyle Renovation Mortgage:-Total Loan Amount: $96,04...
Jay Williams
1st HELOC - How to Go Shopping?
Hi BP,I have two main questions:1.) Can you "shop" for HELOC's in the same way that you would shop for an auto loan?2.) If you can shop, what questions or tips will get you the best results?A little more info:The HELO...
Account Closed
?Rehab Borrower Survey
Rehab borrowers,
As a rehab lender I'd like to determine how best to structure short term loans, so if you can help me by answering a few questions I'd appreciate it:
1) Do you prefer monthly payments,...
Joe Patera
Closing Costs
I'm buying two properties in Jacksonville and Wells Fargo is charging $5000 for each loan.Does that sound right?
Angu Krishna
23% management fee
Hi Everyone,
I recently ventured into real estate investing and purchased my first property a few months ago. As my current property management contract is up for renewal and also my tenants leases is ending by end ...
Jason Click
Good Faith Estimate... tell me what you think.
I posted this over in the "Deal Analysis" section and it was suggested I post it here to get more response... anyways
I've found my first rental house to purchase... I went to a mortgage broker that is one of the cor...