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Selecting a loan officer in brief…For experienced home buyers, I want to quickly lay out my strategy for picking a loan officer. Subsequently I’ll go into the detail for those interested or less experienced with the ...
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I'm looking to purchase 5 new units in a short period of time. My question is: Is it better to take 5 individual mortgages, one for each property or a blanket loan?Background: These would be short term vacation rent...
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Hello Masterminds!!! I am a new investor, I have completed a JV project lately that turned into a fiasco, but I was able to get out with some profit. Every deal is a new learning experience and I am ready to pull the ...
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So I'm looking for lending options and thinking about one in particular. Being fresh/new to all this i'm not sure what's "standard" or even if there is such a thing. So I would like some input on these fees outlined. ...
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Ok, I hope I can ask this correctly. I am buying 4 townhomes in Austell, GA. I used this calculator to determine if the property cash flows:https://www.calculator.net/ren...As you can see, I did use a 5% vacancy rat...
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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 ...
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Hello I am new here and about to get our first property which is a duplex, $115k purchase price with a conventional loan, 20% down payment and interest is around 4.9%.I received the closing disclosures from the lender...
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Hi BP,
I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going th...
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I need some advice on the going realty fee rate on land. I want to sell lake front property at Lake Keowee and my realtor wants a fee of 10%. Is that % fee the current going rate?
Thanks in advance!
Linda
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Good Morning BP Universe,
Yesterday I came across a property on my local (Cincinnati) REIA website. The seller said in order to walkthrough the property, I had to have "Proof of funds". So I called around to a few Ha...