Richard Gonzales
Closing costs and prepaids, first time buyer
Hey guys, I have a duplex under contract and it will be my first home purchase. As I’ve never been through this process before, I wanted to get your opinions. Do these closing costs seem pretty typical? Purchase price...
Tim Johnson
Certificate of Rent Paid & Prepaid Rent
Hello BP.I have a question. I've searched the forums and google and did not find the answer. I'm hoping someone can help.We require tenants to prepay the last month's rent when they move in. When providing tenants ...
Jeremy Rusnak
Can you withhold refunds on prepaid rent?
Hi all,I have a tenant who is by most accounts pretty good. He is on a month to month lease, single parent working two jobs which I really respect. He has been late on rent one time which we worked through.When he ...
Chris London
Rolling commission back into closing and prepaids
This question is for those that are able to earn commission (R.E. agents) and buy their own properties.In NC the commission is funded at closing it appears (unlike some states) and I am trying to use it to pay my clos...
John Chapman
Pre paid taxes on a refinance question.
Hey guys. I just signed the papers on a mortgage refinance and in the prepaid column it has 3 months of taxes and in closing costs it has 2 months taxes which will go into My escrow account. The notary that did the cl...
Tom Martinez
Prepaid mortgage interest on seller financed property
Does anyone know if it is possible to write up a settlement sheet to show a lower sales price, and "prepaid mortgage interest" as a line item. Not at all sure if this is doable but I am looking for ways to lower t...
Daniel Soovajian
Question about including prepaid insurance in calculations
Hello,When plugging in #s into the "purchase closing cost" section of the BP rental calculator, you can click the "cost breakdown" link on it to plug in specific components (e.g. points, taxes, hazard insurance, etc.)...
Bradi Gross
Reserves/Prepaid costs - include when running numbers?
I just received a cost of closing work sheet from my lender for a buy and hold rental property we are purchasing. Closing costs are roughly $3,900 and "reserves/prepaid costs" are roughly $1,500. Do I need to include ...
Robert Niessen
How is prepaid rent handled in a sale?
Hi BP,
My wife and I are looking at making our first purchase. It's a duplex in Quakertown, Pa. One of the tenants has prepaid rent through August 2017. How is prepaid treated in a sale? Does the unearned portion...
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Legal Advice for All Investors
I found some good legal advice for contracts, documents, consultation it really helps for me getting my deals together and making sure I stay in the guidelines of real estate
www.prepaidlegal.com
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