We are new investors, just starting out. We were pre approved for a commercial loan, but should we try for conventional? Or something else? We paid off the conventional loan on our primary residence a few years ago,...
The FHA loan requires 3.5% down. But how much money should you have in the bank for all other closing costs associated with buying a house. For example, on a $100/$200/$300,000 house, you would need $3,500/$7,000/$1...
Hi,If I buy a multi-family investment property in NJ, how do I estimate the closing costs? Is there a rule of thumb? Is it some percentage of the selling price?Thanks!
Lease guaranty service, has anyone tried this before?
http://www.insurent.com/slpb_ll.shtml
quote from their website:
" For landlords, the Insurent® Program is a unique no-cost method to increase occupancies, elimi...
Hi All, Would you take tenants with history of bankruptcy ? Credit score is about 630s, chapter 7 bankruptcy discharged December 2020. The couple is willing to pay a whole year’s rent ( taken from his retirement accou...
In Florida, how much are closing fees typically. Is it a percentage of the purchase price? Also, how much does it typically cost to refinance in Florida?
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My wife and I have finally decided to jump on my first real estate deal. The analysis attached include...
Can anyone do this with these terms?The terms on the loan:Investment: $150kTerm: 6 monthsInterest: 20% Prepayment: Minimum of 6 months interest (e.g. if prepaid after 2 months, receive additional 4 months interest)The...
Was curious what type of rates/terms folks are getting for holding a mortgage. This is the overview of the deal.Property sell price $325K, (fair price, could resell today at this price)Down Payment: $125KLoan Term: 2...
So, I have an applicant for an apartment that I'm renting that will pay for one years' rent up front.It's not an internet scam, I actually met this person. They live two houses away in a 1 bedroom and want a two bedro...