Michael Greer
Small loan = Higher closing costs?
Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...
Riley Blake
Closing Costs - Wrapped into loan?
Hi, Do people usually pay closing costs out of pocket or is it typically wrapped into the loan? I'm looking to obtain an FHA loan for my first owner-occupied duplex. Also, I've heard FHA requires PMI. Is .5%-1% of the...
Landon Elscott
Accounting Question - Question For Accountants - Property Tax Prorations Home Purchase
Hopefully I explain this in a way that is easy to understand. This is my first rental property purchase and also the first time I've really had to deal with any accounting of this nature, so I would appreciate any gu...
Priya Daftary
Selling primary home in first 3 years of moving out
I moved out of my primary home back in mid July 2017. I had rented that house for the last 2.5 years and ready to sell it now to take benefit of the tax break. As per tax laws, I need to close the sale by mid July 202...
Rian Ash
Cash out refinance, get maximum credit. Refinance immediately?
I currently have an investment property with 4% 30 yr fixed. With 75% LTV, I can get around 65K cash out from it. When i look to refinance, I see that for cash out the rates are slightly higher. At 4.5% I get huge cre...
Rico See
Closing costs on an investment property loan.
How much in closing costs on an investment property loan should I expect to pay?
I'm closing on a turnkey in Memphis soon.
JR Rivas
Are these closing costs too high?
Hello,
I am looking to close on my first property and I just got the paperwork to sign from the lender & the closing costs are about 10% of purchase price(not loan amount).
I know typically the closing costs a...
Grace Fukuda
I am closing a duplex this week! some concerns. suggestions?
Hello!
My 4th rental property is finally closing this week!
This a duplex, 1600sq, one unit is located 1st
level, and the other unit is located 2nd level. The utility work has not been separated yet which I am goin...
Brian Ashby
What recourse do I have against a blundering broker?
I have applied for a 203k loan. When doing this I made my broker aware that I had an fha loan for another rental property about 30 miles away. At no time was it discussed that you cant have two fha loans in that clo...
Rob Roy
Can't sell my house! Now looking for great property management..
Hello!My house has been on the market to sell in Chesapeake, VA for a few weeks now and we've already come down $10,000. If I lowered the price any more, I wouldn't even break even after closing closes and realtor fe...