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What is cash-out refinancing? How does it work? I don’t really understand the math. Do I rehab a short-term rental and then get “cash-out” for the difference between old and new value? If so, I was hoping to do this ...
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Hi, looking at a deal to buy, rehab, rent and eventually sell about 20 rowhomes in Philly. Primarily to provide 'work force', stable housing. Most won't be complete until Sept/Oct so hopefully rental payment restrict...
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Is it possible to negotiate prices of these properties like normal properties or are these prices firm?
I heard Fannie Mae has his own closing procedures, how high will be the costs for this? Thank you.
-Uwe
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I have rental property, and I'm thinking about refinancing using the VA Streamline IRRRL. I want to make sure that it makes sense before I make my final decision. After the loan is complete, I should save about $155 a...
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Any one care to share what you might know about whether a City imposed Rental Permit Fee of $94.00 is deductible and if so, what category?
It's basically a self inspection sheet verifying the basics like smoke detect...
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Was wondering if I could get some help on dealing with my Property Manager. I have been under contract with my property manager for almost 1 year and have decided that it's not worth the money to continue doing busin...
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got a couple questions about closing documents used when you do wholesaling. lets use a example of a deal where you wholesale a "for sale by owner home", not a double closing, but a straight assignment. what closing f...
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So I purchased a "Turnkey" single family home in Detroit (specifically Taylor) last year. Things started going south almost immediately. Rents were late almost every month, then the renter decided to move out, and sin...
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Hi everyone,
I was curious to see if anyone charges administrative fees like to draw up the original lease agreement? or anything else? if so, can you please provide examples of what and the costs involved? is it no...
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Hi, Fellow investorsSome of my SFHs have accumulated some equity over years. I asked about cash-out refi from a loan broker that I have been working with for years and was given the following terms (see attached scree...