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Hello Dear BPers,This might be a generic question but I would like your insights on rehab costs per Sq ft. I realize that the labor costs might vary based on the location but material costs remain close to same. The r...
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Hi - I am a first time investor looking to invest in out of state markets. When underwriting potential deals, I’m having a hard time with estimating rehab costs. I currently don’t have any connections in the markets I...
A thriving real estate business without rental properties?! It might sound like an easy way to “invest,” but make no mistake—you’re going to need to sharpen your management, interior design, and problem-solving skills...
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Am I correct to understand that a bank or credit union will not negotiate their current set mortgage rates for a small time rental property purchaser? I do believe some banks may have slightly different rates. Do ba...
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I seen a few methods to determine the offer price. Some say 60-70% ARV minus my profit and rehab..correct me if wrong.I also seen a price deduction from holding and transaction cost which i was also informed two huge ...
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1.Why do different brokers quote different rates, different dwelling values with the same carrier?
2. Why do insurance companies not offer multi SFs discount?
3. Why are portfolio insurance twice the pr...
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I'm a first-time home buyer interested in house hacking. I'm interested in getting a conventional loan and considering using a credit union.
With rates as they currently are, I'm looking for every angle to get the l...
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Hi, I'm under contract for my first property, a 4-plex. I received loan estimates from 3 different companies (30 yr conventional). Two of them are in contention. 1 has a lower rate by 0.25% and the other has closin...
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I am trying to analyze a cash purchase of a foreclosed property and need to understand the costs associated to close the deal. Can anyone help outline typical cost for cash buyer?
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Hi,I am currently house hacking a duplex in a small town that I have been in for 2 months with plans to refinance out of an FHA in a year depending on rates after I finish renovations however when I bought it the clos...