Not even sure where to start. I found a closed self storage unit around 30 units. If this was a functioning property and full or close to full 90% or higher what would be a good price? It’s going to take me months o...
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Hi All,In progress of my very first flip. I'm starting relatively small for my area to get my education. I purchased the unit for $430k and it appraised for $458k. My agent expects the unit to sell for $530k, but I am...
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Hi BP,I have a rental in TX. I want to refi the unit, I already have a traditional loan, I want a lower rate & access to some equity. I currently live in CA and I see ads for refi with no closing costs but they sa...
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From a modelling perspective what are the typical seller costs (fixed or % of sale price) that you model for closing costs on small, 10 - 20 door properties?- Broker’s commission(s), Title, Recording, others?Which of ...
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I am currently looking at buying a foreclosure from Wells Fargo as my first investment property with the prospect of flipping the house. Is there a way to avoid dealing with a Realtor and dealing directly with Well...
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if i were to take control of a property doing a sub2 i wouldnt have to pay the first set of closing costs.so if i took control, and then put 15k of work into it and then sold it for a profit would that make sense?
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Hello everyone,
We are closing on our first property and here are the closing numbers. They tend to change from the lender and needed guidance if these look correct ? Our purchase price is 420,000 with 5,000 credi...
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Hi All,
I am about to buy my first property(2-unit) for 100k in Chicago.
a. The interest rate quote I got from my lender was 4.875%. Sounds a bit high considering Fed interest rates at so lows.
b. The lender wants...
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So I know that it is between 2-5%How can I get more precise than that when looking at a property?So the property that I am looking at is something like:North Lawndaleasking $350,0004-units
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From down payment, to deed recording fees, to lender's title insurance, I need to know the correct way to categorize the line items of a HUD-1 statement. I realize most costs aren't tax deductible or capitalized, I'm ...