Jason Hatfield
Upfront Fees for a Hard Money Lender
Hello all!I wanted to ask if the following fees seem in line for a Hard Money Loan: $700 at time of application submission for SOW Review, Renovation Cost Validation and an Appraisal.$175 Draw Schedule Review$235 Doc...
Sally Peltz
Outgunned for duplex in Scorching Hot Dallas Market
After looking at overpriced duplexes in Dallas, I found a great property that had been on the market 3 days. I put an offer on it for full asking price which was unusual for me since I usually start lower than ask...
Cory Adams
Would you do this duplex deal?
2 year old duplex 199,000, currently rented at 1950 total.
Taxes 3650
Insurance 1300
Renters pay utilities.
Financing 70%
Thank you.
Steve A
Asking for Closing Costs vs. Higher Price (Same netback)
What are the factors to consider when deciding whether to ask the seller to pay for closing costs or just boosting the offering price to compensate.
Sample deal:
Offer 1- $515K, each party pays his own closing cos...
Amine E.
SFH Deal or no deal
Need help making a decision on an offer. I m looking at a 1250Sqft house 3bed/1.75 bath in the oklahoma city south side area. House would rent for $850-$875 when rehabbed. House needs 15K in repairs (Paint, floorin...
Jessica A. Smith
Chicago Rentals
Morning BP!I have a general question for those of you that have rentals in the Chicago area. How would you suggest going about selecting a good area? Do you aways look at school ratings or crime rate? Any websites you...
Sam Booth
Duplex interest rate 8.25% good?
I am getting quoted 8.25% interest on a duplex with conventional loan and 25% down. Does that sound good or not? No points, not sure if it's worth buying down since rates may fall?
Paul Johnson
Two family residences... facing tough times... seeking advice!
Hi all.
Joined this forum with the hopes of getting some advice on my situation. Not quite a real estate investor (at least not yet); however am facing a bit of a "tougher" real-life family situation with two prope...
Mark Dolan
Paying a larger % downpayment up front
Hi guys, I am new to the site and I am exploring the possibilities of investing in a rental property over the coming year. My biggest concern however is that I may struggle to get approved of a mortgage based on my lo...
Andrew Rickli
Has anyone done a live in flip?
I am looking to do my first live in flip for a year. I'm a commercial banker now so usually only handle commercial transactions over $5M.
I'd like to get in a house at 5% down (conventional) and flip a house in a ye...