Brendan Miller
4-Plex Expenses Underwriting %'s
What does everyone use for underwriting deals on small multifamily properties (2-4 units). Right now, I've been using the below as standard %s, but I often see realtors provide financials with much lower %s. I'm curio...
Dan Marro
hard money lending Q's
Hey guys, question about hard money quote, please advise:My quote for a loan of ~ $168,000, my first flip9.5% interest rate (I understand)Closing Costs- 1.5% Origination Fee (I understand)- $1,495 flat rate Processin...
Jen Olson
Insurance on a duplex
I just closed on my first property, it's in DC and it's a duplex. I won't be living in it until after renovations. The insurance I got is almost $3k for 6 months. Does this seem right? It's insurance while I am no...
Account Closed
Note Assignment
If sell a note to somebody, does the lenders title policy and hazard insurance have to be changed to cover the new note holder, or does the coverage somehow automatically transfer to the assignee?
Jason Delaney
General Liability Insurance for House-flipping LLC
My wife and I are flipping houses in the Pittsburgh area, and have set up an LLC for this. We also are required to register the LLC with the Attorney General's Office as a Home Improvement Contractor in order to meet ...
Kevin Brenner
Insurance for my first Quadplex!
I have my first Quadplex under contract in Savannah, GA and I'm looking for any insurance recommendations.I got a quote from USAA and they are pretty good, but I'm not sure if I should be looking into commercial insur...
Asif Ibrar
Do I qualify for FHA loan? If I have Joint mortgage already?
In 2016 I help my dad get a house by taking a Joint mortgage with him. He has been paying for the mortgage since then. I am interested in buying a fourplex with FHA loan. I want to know if I will qualify for FHA. Inco...
Christian Perez
How to know what the right home insurance to select
Hi, my yearly home insurance is coming up for renewal. I am a travel nurse who is looking to rent two bedrooms out. The house is my primary residence. I’ve had the property for two years. I currently insured Stillwat...
Yongjian Pan
Itemized deduction for taxes
What does interest payments and property taxes are tax deductible if you itemize mean?
Kim Hopkins
Edits Recommended for CAR Standard Lease Form
Hello!Hope everyone is enjoying the holiday season or the end of 2020 or both! To continue where I left off last time, after fleeing our personal home in Los Angeles and relocating to Arizona, we decided to rent out o...