Raden Mantuano
Offer accepted for my first seller financed deal! Now what?
So a seller and I have come to an agreement on terms on a property and I literally had to raise funds from family to obtain the down payment. Now that I have the EMD down payment. I just realized there are closing cos...
Steve Johnson
Should I refinance my rental property to make it profitable?
I'm a wordy person, sorry if all this writing seems like too much info, but I think it's relevant, albeit it's nearly an essay. I'm torn about refinancing my rental property. Right now it costs me about $400 a year...
Moises Villasenor
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Sebastien Hitier
what is a normal upfront cost of a mortgage?
Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM. I am refinancing 5 properties at LTV 60%, loan amount is $395,000. Lender is a small local bank.The DD took for...
Michael P.
Closing Costs For Rental Property
My question is, as you acquire a property you obtain a significant hit with closing costs. How do you roll that into your monthly, or annual breakdown for net profit?
Lewis C.
3 rental properties - Time to form LLC? OK to use Legal Zoom?
Hi Folks, My business partner and I now have 3 rental properties in both of our names. We have read on numerous occasions that the best thing to do is form an LLC together and transfer the properties into it to mitiga...
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 $...
Sergio Sifuentes
Would you accept this terms from a Hard Money Lender
Hello BP, I'm trying to execute my first deal, It's going to be a flip and I was wondering whether this is a good deal or not. Assuming that the following numbers are correct:ARV- $370KInvestor cost $ $245KRehab appro...
Ethel Weaver
3 Unit in Middletown PA - Is this a Good Deal
Cost= $83,000 2964 Sq. Ft 3 bedroom 3 bath 1 garageNear local college Monthly Rent =$1355 for all three units Median Rent in area is $550.00 per unitProperty Taxes 2994Insurance 600 per year...
Allen Jones
Replacement Value question on cheap property
I've got a question about insurance for a low cost property. I'm looking at a $30K single family house, it's in a C- neighborhood. The replacement cost is $125k. In the event something happened and it was a total loss...