Justin Young
Who is/are the most important member(s) for your team?
Aloha BP!My partner and I are in the beginning phases of our partnership but we both know that in order for us to excel in this business, we will need to acquire team members that are way smarter at what they do than ...
Yoram Aharony
Loanadministrations.com or Cenlar
I have recently bought a bunch of properties and worked with 3 banks, two of them ended up sending my loan to an administrative company that is terrible. This means that they do not service your loan after you close o...
Ronnie Sparrow
Need help with structuring private money loan
Both my Private Lender and I need help with how to structure the repair costs at closing. I have used this Private Lender before but the loan did not cover the rehab costs for the previous deals, those costs were ...
Ameer Muhammad
Back to Back Closing
Hey is anyone out there having trouble doing back to back closings? With the short sales that we have done recently the title company have required that we hold the property for 72 hours to insure that the funds won't...
Shelby Barker
What to look out for when dealing with private lenders
Hey! For anyone looking at private hard money loans be very careful! Here are some things to consider.
1. Also search for reviews or get references.
2. Don't wire "upfront/deposit money to a lender EVER.....serio...
Toben B.
What percent should closing costs be on cash out refi of $140K
Hello,
I have 3 duplexes to cash out refi on. All are worth $200K. One is free and clear, one I owe $5K and one I owe $35K.
What should closing fees, points, appraisals add up to? I am seeing $7400-$8400 in closing ...
Di Ye
Crowdsourcing loan rates
Hey everyone - new to BiggerPockets and excited to be here. This is my first question ever posted here - is there something out there to crowdsource loan rates people are getting? I spoke a loan originator and they me...
Sunny P.
Foreclosed property question
I am looking at a condo that was built in 2006. Owner 1 bought it for $163000 and sold it to owner 2 in July 2009 for $127,000 and then in July 2016 some loan servicing company bought it from owner 2 for $114,050. The...
Dillon Seal
Need advice on cash deal- my first property. Help!
Found a badass property that has a lot of potential. It needs about 30k of work, can probably make at least 50k on the back end (not including interest from loan) so lets say 25-35k with minimal work. Has to be cash d...
Ryan Dyess
Commercial Mortgage Question
If someone is selling a portfolio of a 4plex and 5 plex how does a mortgage company look at that? I know a quad isn't classified as commercial so it wouldn't by itself qualify for a commercial loan. Does that change w...