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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...
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Ok, so I have analyzed a house but am wondering how to calculate the financing costs while I flip the house. What are the financing costs for a flip and what does that even mean?? Somebody help me?
If my solo 401k lends private/hard money to an investor, am I able to charge a percentage of the profits as well as interest? In my state the interest rate is capped at 12%. Also, what about up front fees? I can't see...
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Hi, newbie to the forum, was hoping I could get some advice on how to claw back rent arrears after getting Ontario LTB order. Had a bad tenant who took advantage of Covid and ended up owing me approximately $15000 in ...
Hey all, I am looking for somebody to finance my second rental property here in Cleveland. I'm not looking to borrow much, probably $25-$30k TOPS for multi family home plus any work that needs to be done. Preferably s...
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What are some ways to determine picking the right hard money lender?
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I'm in the process of underwriting a potential development opportunity in SE before I make an offer. The plan would be to hold the property as a single family rental for a year or two while beganing the development pr...
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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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I am about to sell a house that I am rehabbing in the next 3 weeks it is going to be listed for around $70k and its going to be marketed mostly to first time home buyers. It is a 1850 sqft 3/2 brick house.It is going ...
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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...