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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...
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This is a serious newbie question, but I'll go ahead and ask anyway. I want to start flipping houses here in San Antonio and I'm seriously considering hard money. I've read about the Closing Costs associated with the ...
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I have a bunch of loans with CMG Finance. I see that AIM loan, at least on their web site has lower interest rates and very little closing costs. Has anyone found this to be accurate? I ask because I'm considering a c...
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I am trying to figure out seller closing costs on the back end of a flip before I set my offer price. Does anyone have a formula or percentage that has proven reliable?
I've searched the BP forums and didn't ...
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Good evening,I have found an investor which owns about 30 properties in a town that I have been looking for duplex in. He has offered seller financing but I think Id much rather tie up a good interest rate and I also ...
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I'm looking at a deal where I would potentially be using a PML to fund a purchase. The property I'm looking at is a foreclosure. Since I would be using a PML, I think from the bank's point of view this would essenti...
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What is the rule of thumb for calculating Closing Costs for analyzing a SFH. Do you have a certain percentage? I would like to be conservative with this number so I'm covered in a deal.
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What is a good way to negotiate and have the seller pay the closing cost of the deal?
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Hello,I am currently in the process of buying a SFR, and I noticed the closing costs were higher than I had anticipated. My lender said there is no way to roll in the closing costs, but we can ask for a maximum of 2%...
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Are you finding that buyers are asking you to cover their closing costs? I understand it varies market to market (I am flipping in Fort Wayne Indiana) and I am in a sellers market right now but I was taught to factor ...