Kareem Aaron
Is it okay to ask for 2x deposit + 2x rent (first and last month)
Since all the applications I've been getting have really bad credit scores, and having gone through evicting a tenant who couldn't pay me three months' worth of rent, I decided to ask for double deposit and first and ...
Manuel Savorelli
Do private money lenders have to physically be...
... at closing or could the buyer simply bring the various checks from independent PML's?If they don't have to be there in person, how does the assigning of 1st, 2nd lien in case of default take place? Thanks much
Stephen McKee
My favorite, not so new, scam.
Latly a few of our REO's have become rentals without knowing it.
Every once in a while we will get a property a little out of the way and we only visit it once a month. These properties are usually the victims.
1. ...
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
Stu Stanton
Where can I look for this PML?
What I am looking for is a very short term Private Money Loan to purchase discounted properties, no rehab. The purchase will be done in the name of the buyer, not me. These purchases will be at 75% (78% if possible)...
N/A N/A
Investor & Entrepreneur in SoCal
Hi Everyone!
I've been involved in real estate investing for the past 2 years and have met many wonderful folks who have become great business partners.
I also am an proud entrepreneur and Manager with Pre-Paid Le...
Slade S.
Do I owe the the township bill?
I just closed on January 21st.I received a water, sewer, trash bill for the period of December 30th - January 28th.Should I pay the whole bill or ask for it to be prorated for the 8 days I have been the owner?I feel I...
Account Closed
Closing Costs for Oakland Property
Hi BP,Currently speculating the closing costs on my first property in Oakland CA as they seem a bit high and want to make sure I am not being jipped lol. Below is the break down I got, all feedback is welcome!Credit S...
Steven May
Amount of money banks want you to have for FHA on 100k home
Graduating in May to be a Registered Nurse and looking to buy a home in Springfield, MO. Credit score is in 600s. Looking to buy property in 100k range and air bnb it so pay the mortgage since I’ll be working night sh...
Dominique Long
Unexpected costs ideas
In the process of buying a multi unit home. What are some unexpected costs I should put aside when closing? I know there is the appraisal fee which runs for about 700 but any others besides closings costs, reserves an...