Jerry Cima
How is a hard money loan paid back.
You get a hard money investor willing to loan you $125k at 10% for a 1 year term & origination fee of 1%. Doesn't that mean that within the first month you need to pony up 1.25k for the origination fee & about...
Estate Vestor
Short Sale - Negotiator Fee
I have been negotiaing with banks on Short Sales and Modifications but never on a fee for service basis. I have someone who asked me to negotiate a Short Sale for them. Property is already listed with the Realtor and ...
Maria N.
First time home buyer, are the closing costs too high?
First time home-buyer trying to house hack on a 3-family home using an FHA in Troy, NY. I found one for $260,000. Monthly payments would be $2065 with an interest rate of 2.875%. With utilities & flood insuran...
Ayodeji Kuponiyi
Rejecting Prospect Tenant (Non Refundable Application Fee)
Should my rejection letter read something like this:We're sorry to let you know that the property at [address] is no longer available. At this time we've rented this property to other applicants. Thank you.Do I need t...
Bo Kim
CoreVest - Colonial America - Blanket Portfolio Loan
Hi all,Wondering if anyone has experience using CoreVest (aka Colonial America) blanket portfolio loan. I am in the process of getting quoted on cash-out refi on 9 of my rental properties under one blanket loan under ...
Kyle Meyers
Grace Periods and Late Fees
I am dealing with my first late payment and I'm not quite sure how to handle it. The rent was due today, but I have not received it or heard from the tenant. I am going to call them tomorrow to see what is going on, b...
Anna Reamey
Security Deposit Changes
I recently had a tenant who I wanted to move out about 2 weeks prior to the lease termination date. To do this I would take the apartment as-is and would only be checking the apartment for cleanliness. She would mov...
Jeremy James Hartman
Obtaining An Agent's License
I'm From Nebraska I Just bought a live in flip / house hack. I'm interested in a career in real estate and I was interested in other's experiences in obtaining their licenses to become an agent. How difficult is it? I...
Kelly M.
Review/Assessment of Electronic Rent Payment Services
I have been using Sparkrent for a few months and have liked it on the landlord side, but I have had 3 tenants that all have stumbled at one point using it on the tenant side. I decided to look for another service.I d...
David Tsariov
Lenders in Cleveland
Hi everyone,
Does anyone have any suggestions for experienced lenders in Cleveland, that work with foreign investors?Also, wondering if it makes sense to look for companies offering loans under 75K of property equi...