Justin R.
Are these Extremely High Origination Costs?
Hello All.I am refinancing a 3 unit investment home with Fannie Mae Guidelines. 70% LTV cash out. Lender is a small brick and mortar bank in the North East.My lenders origination costs are 2.5% not including discount ...
Sean Dougherty
Best ways to negotiate shortsale price with bank
I have been working with a homeowner at risk of foreclosure for the last few months to transact a short sale. We submitted all appropriate paper work, hardship letter, signed purchase agreement etc. The home is in dis...
Hen Ley
How common is it to offer professional cleaning upon sale?
How common is it for sellers to include professional cleaning and window cleaning with the sale of a property?
Account Closed
How can i calculate Capex for a single family home?
if my rent is 1,234 per monthand I pay 900 per month ( Mortgage,interest, taxes,insurance,repairs,property manager, vacancy, HOA)it means my Capex is 72.93is my calculation correct?Do i include all these expenses? wh...
Armando DeGuzman
Square Footage Discrepancy
I have a fix and flip property under contract and am still in my inspection period. During my due diligence I discovered that the assessors office has the square footage of the house at 2342 sqft. This felt a bit of...
Account Closed
Existing tenant is not paying rent
The seller just provided us the financials and rent rolls for the current tenant. She has not been paying for the past 7 months. Per my agent, the seller said that the tenant stop paying because she informed her that ...
Nicholas Davis
Should I Sell My Primary Residence?
While surfing around Zillow, I noticed that the houses for sale (pre-owned and new construction) in my subdivision are selling for $10K-20K more than what I paid for my house. In my area you can buy/build a home foe s...
Jason Merchey
Cap Rate for Summerville SC
Does anyone have an idea of the cap rate for a 3-tenant office building, about 4,000'sq., on Orangeburg Rd. not far from Central Avenue in Summerville South Carolina? Basically Knightsville. Six year old building prod...
Devan W.
Help w/ numbers on Seller Financed Buy & Hold Rental
Hello BP! My aunt is wanting me to buy her SFR because she no longer wants to "deal with tenants". She doesn't want any interest from me and basically just wants me to take over her loan. She currently has the basemen...
Ellen Leung
Foreclosure with debt
I am new here on biggerpockets, I just came across below foreclosure property and wonder if the property already has debt on it, do I add that as part of the expenses if I want to have it as a rental property? and how...