All Forum Posts by: Daniel Pugh
Daniel Pugh has started 7 posts and replied 16 times.
Post: Assumable FHA Loan Transaction
- Chicago
- Posts 17
- Votes 4
Hi all - I am currently in discussion with a seller of a 4-flat home in the Chicago area, which I am looking to buy. The seller currently has the property financed through an FHA Loan that is transferrable. I am hoping to get a hold of the loan documents and would love some legal assistance in comprehending the transferability and terms of the loan. If any one is familiar with and/or has experience dealing with such a situation, or may know someone who could help out, I would greatly appreciate the opportunity to connect!
I look forward to any responses!
Post: Assumable FHA Loan Transaction
- Chicago
- Posts 17
- Votes 4
Hi all - I am currently in discussion with a seller of a 4-flat home in the Chicago area, which I am looking to buy. The seller currently has the property financed through an FHA Loan that is transferrable. I am hoping to get a hold of the loan documents and would love some legal assistance in comprehending the transferability and terms of the loan. If any one is familiar with and/or has experience dealing with such a situation, or may know someone who could help out, I would greatly appreciate the opportunity to connect!
I look forward to any responses!
Post: Title Company + Insurance Provider
- Chicago
- Posts 17
- Votes 4
Looking to close on a 2b1ba rental condo in Northern part of Chicago. Looking for a recommended to good title companies and insurance providers. First time landlord -- any and all referrals would be appreciated!
Post: Small Multifamily Underwriting Templates
- Chicago
- Posts 17
- Votes 4
Quote from @Kim Meredith Hampton:
@Daniel Pugh Just use the BP calculator, they are great for a SF or duplex
I was trying to use the BP calculator at first, but I am realizing that I will need to get more granular for my debt structuring and amortization.
Post: Small Multifamily Underwriting Templates
- Chicago
- Posts 17
- Votes 4
Quote from @Ryan Tuttle:
How granular are you trying to get?
BP has a few calculators, but if you're looking for full-blown excel models I can point you in another direction.
I was trying to use the BP calculator at first, but I am realizing that I will need to get more granular for my debt structuring and amortization.
Post: Small Multifamily Underwriting Templates
- Chicago
- Posts 17
- Votes 4
Looking to purchase my first property (2-unit duplex) and am struggling to find an adequate template for quick an easy underwriting assessments. If anyone has any resources that they have used previously and would be willing to share, I would be greatly appreciative!