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...
Yuzi Stha
Converting oil to gas in Massachusetts cost?
Hi,I was looking to purchase a house in Arlington, MA which currently has oil and wanted to convert to gas. When I reached out the National Grid, they said there is gas line in the neighbor house but it needs to be ex...
Pavan Gupta
Considering Prefab Category 2 Detached ADU options in Oakland, CA
Hi!, I'm busy investigating prefab options for a 1000 sqft, ideally 3br pre-fab option to throw behind my home in Oakland, CA. The lot in question has a very large and empty backyard, so it'll be easy to carve out 100...
Uri E.
Cost segregation for the purpose of expediting depreciation (SFR)
Hello,
I buy, hold and rent out single family residences. Each new acquisition I then depreciate using a standard straight depreciation - total cost of land improvements. I recently learned that I could expedite some...
Kendra Penski
Joint ventures with contractors
Hi, I am wondering how folks structure flip deals when they joint venture with a contractor? Who pays the costs for the rehab and how do you structure the profits. Thanks for any ideas!
Jeff Lockshine
Closing cost credit vs. lower sales price
I am in the process of purchasing my second investment property. I have asked for a credit in closing costs to remove the inspection contingency. The seller has indicated they would prefer to reduce the sales price ...
Thuy Pham-Satrappe
Who pays closing costs on equity split buyout?
2 brothers inherit a property with substantial equity. One wants to cash out and the other wants to fix it up to keep as a rental. Brother A offers to buy Brother B out of his half of the equity (using fair market va...
Michael P.
Hard Money ONLY used WHY? Please Explain
I am currently running the numbers to try truly grasp, why hard money over conventional loan.Besides credit and things like that, why Hard Money?Most HM will lend up to 75% of Purchase price, or is it 75% of ARV? Bec...
Matthew Rue
Closing Question
A Seller who is a family member is offering that instead of going to closing with a title company to just process the deed at our city hall since he has done this once before. Since this is our first closing as a comp...