Robert N.
$5,971 in closing costs/fees on $36,000 loan?
Hello all,
This is my first question posed on B.P.! My question is simple. I am set to close on a property this month (a triplex). The purchase price is $48,000 with 25% down ($12,000). So my loan will be $36,000. H...
Cisco Hood
Why is my lender saying im supposed to occupy for 2 yrs
Hey bp! I talked to the lender who I got me my 5% down Owner occupy conventional loan and he is under the impression that I need to occupy the home for 2years before I can rent the property. After our conversation I l...
Bret Kingcade
Should the tenant be billed for full carpet replacement?
Full disclosure: I am the tenant in this situation. I just started house hacking and this is from my apartment lease that just ended.So in the 2 years I lived at my old apartment, my dog had probably 6 accidents (urin...
Kyler J Sloan
Represent Myself and Seller as a Dual Agent
My neighbor wants to sell me his house and I was wondering if it is possible for me to represent both of us in the transaction as a dual agent? Thanks.
Account Closed
Umbrella Insurance
Finally found a company ( Nautilus Insurance) that will write me a stand alone umbrella for 1 mil with having about 20 properties. Still debating because the price of 732.00 was a little higher than expected.And still...
Kristin Caras
Lehigh Valley Investing (Bethlehem)
Wondering which areas in the Leigh Valley people are interested in and have had success with - I've been looking at Bethlehem, PA which seems like a pretty good option with the surrounding amenities and lower prices. ...
Matt Selland
Obtaining Title Ins after Tax Sale in SD
I purchased some farmland in SD at an IRS tax sale in January of 2021, the previous owners owed the IRS 1.8 million so the IRS siezed and sold 3 tracts of land in an attempt to collect their debt. The sale was hardly ...
Brian Freeman
Clayton Morris / Morris Invest / Oceanpointe Investments lawsuit
I am preparing to file a lawsuit in California against Clayton Morris, Morris Invest, and Oceanpointe Investments for breach of contract, fraud, negligence, and more. I was wondering if any others are pending, especi...
Account Closed
Hard Money pts considered part of closing costs or separate?
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Travis Glenn
First Deal! Potential Foundation Problem. HELP!
Hello All, So 4 days ago I as able to get my first real estate deal under contract in Spring, TX! I'm super exited to finally be taking that fist step into the world of real estate investing and was initially very opt...