Ray Hayward
GC Partnership Advice
Hello, I am looking to partner with a General Contractor on a project. The conversation has been based on the exchange of “Sweat Equity” for Partnership Equity. I am looking for advice on how to make the Contractor a...
Barry H.
Escrow-Title Company for Hard Money Loan in Raleig
Hello BP contributors. I have ventured into the world of Hard Money Lending (HML) in the past couple years and have only done 1st Position DOTs on residential real estate in AZ and MO. I have come across an "opportu...
Christine Wilcher
Interest Rates and Points
Hello!I'm purchasing my 2nd investment property and working with Truist bank. They are asking for 20% down and providing a 7.1% interest rate. They are charging me 3.389% in points! I calculated 5% in closing cost. ...
Jazmin Purifoy
Motivated Seller, Newly reno, Market Value
New To wholesaling and worked up the never to call a fsbo. He wants to get rid of the property, just renovated to kitchen, bathroom, new roof and HVAC. Properties are selling for $300k and he wants $275k. Is this a go...
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...
Jackie Nguyen
Cash out refinance
Can you roll your cash out refinance closing costs into your new loan? So say i bought a house for $200k, payed it off to $130k. And i got and refinance it to the new amount of let’s say $250k. That’s $100k-ish i can ...
Madhan Nellaiyappan
Cost of interior painting - 2013 built Townhouse 2350 sqft 3BD 3.5 Bath, 3 stories
Hello, What would be the cost estimate for interior painting of a 2350 sq ft townhome 3bd 3.5ba. My property manager is quoting 4k for one coat. I am new to this and am not sure what would be reasonable estimate...
Roger Evans
Investment profit question
Ok, I am about to make my first investment. I’m a contractor who is teaming up with an investor. I’m am going to be included on the investment side and also do the rehab on the flip. I don’t know that much about the ...
Garrett M.
Lender adding points late in the game!
Has this happened to you? I’m very late in the game on multiple refinance loans and the lender keeps increasing the closing costs through increased points. Now there’s about $10k in closing costs that were not on the ...
Chris W.
a 45mn multi-family development project
For a 45mn multi-family development project (mid-rise, wrap), urban development.Are the following cost reasonable?- Predevelopment cost: 750K- Total soft costs: 4mn- Developer Fee: 1.35mn or 3% of the total Developmen...