Jack Dephillipo
High Closing Cost - Anny Suggestions?
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...
Neil Aggarwal
Investor offering lease purchase, is this a scam?
I have a house available for rent.I got a call from an investor that says he has a buyers pool and they can buy the house from me on a lease purchase. The buyer will pay my full asking price, I collect rent for 12 mon...
Tim Silvers
QUIET TITLE ACTION VICTORY on 2ND MTG/HELOC but with a CATCH
So I retained counsel to file a quiet title complaint to remove a defaulted and charged off 2nd mortgage HELOC that under state (NV) statutes was no longer enforceable (past the 10-year SOL from the date of accelerati...
Jeremy Schappert
My Strategy For Selecting a Mortgage Lender/Broker
Selecting a loan officer in brief…For experienced home buyers, I want to quickly lay out my strategy for picking a loan officer. Subsequently I’ll go into the detail for those interested or less experienced with the ...
Becky Watkins
Refinancing & Depreciation
I refinanced my owner-occupied multifamily rental property last year and now I'm struggling on exactly how to report the closing costs. I have tried researching previous posts and other sources, but I haven't found an...
Account Closed
Paying Out Investors On A Flip
I know there is no universal way of structuring flips, but how do you normally pay out your investors for a flip? Duration 6-12 months. Raising $365,000. Am putting in $75,000 of my own money. Do you pay out an annual...
Gere W.
Section 8/Metro rules
Where would I find what I can and can't do with section 8/metro tenants? I'm located in Ohio. The places I'm generally interested in include Columbus, Sandusky, Zanesville, northern Ohio. My initial thought that promp...
Maurice Smith
refinanced my loan , need advice before closing
BP,
I need some input , what would be considered a good interest rate on a 4 plex investment property ( non owner occupied)? I closed at 6.125% with a loan amount of $277k back in feb 2019. I refinanced at 4.875%...
Andre Bias
Can I buy a property using hard money
Can I purchase a property with hard money to cover the closing than Sale it to have a bigger whole sale fee say bought it for for 30k with hard money purchase arv 205 repairs 50k I relist it for $60k would a hard mon...
Ryan Harris
Affordable Dallas area escrow?
I am considering buying a 3/2 SFR using a typical house hack approach with VA loan in Dallas. Shopping around for cheap escrow services. I don't need the title insurance, just a company to handle the settlement paperw...