Stone Saathoff
What types of rates are typical for private lending? Central TX
What types of rates are typical for private lenders in Central TX at this time?
I've been paying 2 points origination, and 10% interest (plus 895 doc fee) on every flip I complete with my hard money lender, which isn...
Account Closed
Buyer bails and refuses to sign escrow cancellation
I got a pretty unusual situation as a seller and hope maybe someone can share some knowledge. I already talked to an attorney but other opinions would be appreciated. In a nutshell, buyers waived contingencies but the...
Osvaldo Granillo
How to fire a contractor when they have a lien on your home?
We are in the middle of a rehab and our contractor is dragging his feet (excuse and excuse). Have any of you ever fired a contractor that has a lien on your property in the contract? Osvaldo
John Thedford
Found Two Machine Guns In Foreclosure Purchase--How About That?
I always get some interesting stuff passed my way. Generally, it has to do with NFA firearms, etc. I got a call today from a New Jerseyite that just purchased a foreclosure. He found two NFA firearms left behind. I dr...
Erik Romo
Need help on how to assume a mortgage.
Hello everyone,
I need help in what steps do I need to take to asume a mortgage.
Thanks for your help
Josh Masih
Closing cost
I am going to buy my first property and the bank approved $140K with 25% down. Loan amount will be $105K. But bank total charges will be $4,452.47 (1533.47 prepaid item and closing cost $2,919.00. Is this reasonable c...
Casey Walker
What to wear to a closing?
Closing on a three unit next week, around 200K. Looking for your thoughts on should i dress up, down, or just wear the same stuff i do everyday? My lawyer and banker will be wearing suits. The seller fell on hard t...
Liz Ritter
Foundation problem, asking for lower price after contract????
so basicly i haven't closed on a property yet, i have everything else ready to go as far as fixing and selling it. i have an alright profit, not a lot at all, just waiting on the other side to do their thing and clos...
Andrew Jacobson
Wire earnest money before contract is executed
I had an offer "accepted." It is an REO that went into multiple offers and they have accepted my offer. The listing agent asked me to sign their contract documents, which is fine. They have asked me to submit the c...
Jason Foster
Indianapolis Property Taxes
I received my property tax bills last week, and was surprised by how high the rate was given the 2% cap on investment properties. Given the school referendum that passed, my properties are now over 3%. Has anyone ha...