I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP.
Loan 1: Loan Amount: $525,000 - $75,000 funded at closing (less fees and reserve), then 6 draws of ...
Hello Everyone, I have a 12 unit apartment under contract and I am looking for a property manager. I would say it is a class B area and a class A building. The rent averages $950 per month. What do you think are fair...
I do tenant placement in Baltimore, Maryland. I'm still a bit of a novice when it comes to wholesaling, simply because I haven't had many deals to gain the experience. But I do have my own buyers list. So, one of my i...
Hi BP Nation,I understand that this might sound all too basic but I need to know ALL the responsibilities and duties of a PM in a TK setting. I just purchased a property and will be having a formal meeting with the PM...
I'm presently trying to complete my 6th Harp 2.0 refinance and have saved the toughest for the last. Presently, Wells Fargo is telling me that, "fannie has not preloaded a value" for the subject property. As a result ...
I'm about to close on a property tomorrow and the latest CD doesn't have the lender credits ($3,052) that were initially a line item in the LE. The origination fee was and still is $3,052 however there is no longer le...
Does anyone know of a lender that offers second mortgages on rental properties? I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowe...
Hi all, I'm currently under contract for my first rental property in South Florida and I'm finding that the closing cost provided seems high for a smaller loan size. I've attached a picture of the fees worksheet which...
What is a reasonable % rate when you are doing owner financing? I am selling a flip for $159,016 and the buyer wants to pay $100,000 cash and have me finance the remainder over 15 years.
I am securing an off market deal in Anne Arundel County Maryland. Because it's my first deal, I think my lender is charging me high fees for settlement purposes. For example, appraisal fee is $650 and when I questione...