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So when analyzing potential investments in the flood plain, do you just factor in the cost of the flood insurance? Assuming two properties are in the same part of town, but one happens to be in the 100 yr floodplain a...
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Hi,I am purchasing a multi-family unit for $175,000. Here are the loan terms I received from a bank, please let me know if this is good in current market. This is a commercial loan.Interest Rate fixed for 5 years = 4....
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Please excuse my ignorance in this subject... I was just reading a book the other day that talked about buying a property using the loan type of ARMs for 3 years or 5 years, which for what I understand is only paying ...
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Hello,I was offered 100% finance 96.5% first loan and 3.5% second loan mortgage for a multifamily the 2nd mortgage for that 3.5% MUST be paid back, but just like the first mortgage, it doesn’t have a PPP and itcould ...
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We sustained a massive fire. Do I wait to see what my insurance adjuster offers before signing with a public adjuster or do I sign immediately?
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I am requesting inside regarding my filing requirement in California.Background-I am a California resident on active duty stationed in Washington. I am considered a nonresident for California tax purposes and as long ...
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Our property started out in very rough condition (no running water, HUD home, some knob and tube wiring.) We are switching from a Vacant and Renovation policy for the last four months to a Fire Dwelling policy. Does...
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Has anyone done delayed financing in Florida? I have talked to quite a few lenders - even some that say they can do delayed financing but everyone says it’s based on the purchase price (without the rehab) - not helpfu...
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Looking for all suggestions and open to ideas. I have a property that consist of 1 building, split legal 2 unit (front and rear). Front is spacious 2/1 and a large studio in the rear. As stated in the title, the uni...
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I am near closing on a house. My plan is to buy house and rent it for 675.00 per month for the next 24-36 months and then sell the house (I will not own it for more than 5 years and maybe even less than 3). The cost...