I having a hard time with the lender I chose to use for a commercial refi and a portfolio loan. We started the application on Feb 14 and still do not have a closing date. How long does something like this usually take...
Hello BP,
Finally did it. Pulled the trigger and now I am 5 days from closing on my first property! It is a duplex in Chicago, with a long term tenant already occupying one of the units. The tenant has been there for...
I would think as long as there is some pitch, roll would be OK, but is there building code rules that say no?
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Is it legal for instead of my company paying me a bonus to instead take what they would have paid me and pay off my mortgage debt? Is this technically taxable or does this avoid the income tax?
I have a rental that's been rented out for about 4 years to the same tenants. At this point they are month-to-month and I only need 30-day notice to ask them to move. I'm planning to ask them to move out soon because ...
I am in process of buying one property and wanted to understand how lease agreements are transferred (or have owner name updated). Does escrow handle that along with holding rents/deposits etc? or it need to be clearl...
I have an odd question, hopefully some one knows the answer. Purchase and Sale agreement, buyer is to pay all closing cost. No title company, no attorney, no realtor. The buyer placed the earnest deposit into an overs...
How do I structure a deal if I want to do seller financing but the seller has a mortgage. I've seen 1 post talking about subject to and seller financing hybrid but it doesn't explain or break it down. Ex. Seller st...
Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...
On a general basis on the retail level, what does a seller pay for at closing? I've heard it's usually around 1 - 1.5%, but what exactly is the seller generally paying for at a closing?
Thanks!