Joe Walton
buying a property cash and refinancing
Hi, my wife and I are new to real estate investing and have decided that we are going to take the buy and hold rental property route. we live in Rochester MN and the market is pretty high right now. We were discuss...
Rafael Floresta
Help me figure out the BS charges on the closing costs my mortgage:
Here is a scan of my closing costs. I know a lot of those are legit, but the settlement charge seems really high, and also the survey. And the Document preparation fee, seems BS. I am already paying for real estate a...
Gabriella Borukhov
Getting approved for mortgage with untraditional income
I am trying to buy my first property however, I do not have a traditional job.I do have enough to purchase my own property. What are my options that I can use to get approved for a mortgage?
Sarah M.
I bought a house! Now how do I get the money out to BURRRR it?
Hello! Thanks to you guys I just purchased a rental property in Minnesota! It's a SFR bought for 60k cash. It appraised for 90k. My questions are: 1 - What are my options to get the money out to do the BURRRR method?...
Michael Greer
Small loan = Higher closing costs?
Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...
Michael Lauther
What are the issues with this note.
We are trying to settle an estate: 3 siblings want to hold a note for a 4th .
Property is appraised at $360,000
3 siblings will hold a 270,000 5% interest only note with a 5 year 270k balloon.
Ta...
Adam S.
Can anyone explain a Multiple Advance Loan?
I am working on a purchase of a new rental property and the lender mentioned the option of a Multiple Advance Loan, where they would advance me additional funds up to the Loan To Value max of 75%. (this is in the con...
Caleb Richardson
Attempting to discover lawsuit settlement to determine motivation
I’m gonna stick to bullet points here, otherwise I might get a little long winded...-roughly 1,000 acre parcel for sale-Land held under an LP/LTD (multiple parcels for sale together)-owners took out large development ...
Alexcia White
Closing cost did not match.
Hi Everyone, just curious to see if this’s normal, I was closing on a deal and the numbers from the lender did not match the numbers the lawyer have the lawyer said it does matter because it’s not what we are paying f...
Ernie Beiler
Pre Settlement Occupancy??
I have a property that has been under contract to sell since mid-September. The buyer just went through a divorce and they have been working on splitting their properties etc. We have extended the settlement twice and...