Steve Cheslock
Self Storage - Late Fees
For anyone operating Self Storage facilities... what % of NOI do you see coming from the collection of late fees? Trying to figure out a good ballpark number to use for a pro forma.
Jerry Camboim
Hard Money Lending Do's and Dont's
I have not borrowed hard money yet for my deals I usually use conventional loans from large banks, however I would like to fund my next flip with private money since cash buyers in my area have the upper hand and scoo...
Esther Kim
HELOC- Prime Rate or One Year Treasury Security Rate
Am looking to take out a HELOC on my rental property (mortgage free) for about $70k for repairs. The property value is about $725k. I have been offered a HELOC through a local credit union based on the One Year Treasu...
Carlos Asuaje
Question about "Truth-in-lending" disclosure??
Hello BP community!Im very proud to announce that me and my partner have finally gotten our first multi-family property under contract and have found financing for it! I'm very excited of course...but i do have a ques...
Kirk R.
VA Loan Questions - Refinance - Closing Costs
Hi,
I am a Veteran but have a conventional mortgage of $55,000 on the house financed @ 5.5% for 10 years with $550 in payments - Taxes are $1800 and are not escrowed.
House is worth between $80,000 & $120,000. $2...
Bhushan Rajadhyax
how to reduce the title insurance costs on your refinance?
My local credit union is offering a low rate on a 30 yr fixed and offering to waive the origination fee and possibly the appraisal fee. But there is a big line item for title insurance which eats into the cost of the ...
Kristie Eddy
Buying Down Points on Your Mortgage
Hello! I'm looking at my second income property in AZ and struggling with multiple brokers offering me multiple deals that vary slightly. Some deals the rates are lower (4.5%) but their origination fees are higher a...
Sarah K.
Interest Rate Lock with a Lender if I'm Lender Shopping?
I'm new to real estate investing and I've started to analyze deals in my area, which has been a difficult area to find a good deal (North Idaho). I've been talking with different lenders and I've been pre-approved wit...
Roseann Koefoed
Need Construction Loan - building my first 3-flat!!
I'm building a 3-flat in East Garfield Park, west side neighborhood of Chicago. I own about 80 MF units, but this is my first ground up construction. I have a partner who is the GC. I've paid for the land, architec...
Jef A.
Should I pay off and what are the fees associate with selling in the future
I am at a point where I can pay off about 200K on a mortgage for a property that is worth 500k. I am struggling with the idea of whether or not I should pay off the property and then buy something else and slowly pay ...