Ivonne Hunter
Rate lock in fees on investment triplex property
Hello to all, I’m recently got into escrow on my very first investment property and when going through all of the fees to close I came across a “lock in rate” fee which is to lock in the 6.125% interest rate at a whop...
Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Irfan Saeed
City data in correct
Hello Community member - I would appreciate if someone can help me on this.I am planning to offer on a house but the house seems to have a later addition. The city data shows 1600 sqft was added and one bedroom was in...
Wesley Weber
Help me understand - is this viable process?
I should note I've been involved in real estate in 1 way or another for many years aND am now looking to get into the investment side of it. Is this a feisable option and process of a short/mid term Single family home...
Aaron Valdez
Discount Rate Higher for Leveraged Deals?
I am looking at two proformas for one investment and noticed the following:
1. The discount rate is 10 percent for an un-leveraged investment on the proforma and yields an IRR of 11 percent.
2. The discount rate is ...
Brent H.
How do you handle late check out requests? Military discounts?
Hello! Received this inquiry from a potential guest and was wondering how you would handle the first two? I could provide a discount but, with a late checkout, I would not be able book the next night since check in is...
Steve L.
Home Depot Pro Account Members - Additional Reps
Tip for all you rehabbers out there.
My Pro Account Rep emailed last month. If you belong to any investor association that is a member of NEIRA you get an additional 2% rebate on all your pro spending. This is in a...
Billie Forrester
Chicago and Suburbs: All Buyers Welcome
Hello!I am looking for additional buyers to add to my buyers list. I will be increasing my inventory soon and will want additional buyer for this inventory. I currently only purchase in Lake, Dupage, McHenry, Dupage, ...
Kevin Maldonado
Rent or Sell Our Current House when we move?
My family and I are looking to move from our current town home into a single family home in a much better school district. I’ve got the age old question of whether we should sell our townhome or keep it and make it ou...
Jeff B.
Wording of Late Payment Notice
What wording do you use on your Late Payment Notice? I have a family that has only been in the unit for 3 months and has been late by a day for 2 of those months. Lease contract states due on the 1st and late if pai...