29 October 2021 | 1 reply
The information below was provided by a Loan Officer for my Closing Cost as the Buyer/Borrower and Title Company for the Seller's Closing Cost.Loan Information$185,000 = Loan Amount$9,250 = Conventional Loan Down Payment (5%)$4,980 = Estimated Closing Cost: (Processing Fees, Underwriting Fees, Appraisal, Appraisal Review Fee, Title Insurance Services, Settlement Fee, Administrative Fee, Courier Fee, Owner's Title Insurance, Lender's Title Insurance, Recording Fees, City/County/Stamps, & State Tax/Stamps)$2,120 = Estimated Prepaid/ Estimated Reserve Cost: (Daily Interest, Home Insurance, & Property Taxes)$16,350 = Total Cash at Closing from Borrower$1,000 = Estimated Monthly Mortgage Payment: (P&I, Hazard & Mortgage Insurance, & Real Estate Taxes)Seller Closing Cost$0 = Agents Commissions: (No REA involved in this transaction per Seller's request)$900 = Total Cash at Closing from Seller: (Estimated Doc.
27 October 2021 | 39 replies
U can my office and I'll try to help you NP.
22 October 2021 | 0 replies
One of my partners actually discovered the property on his way into the office.
22 October 2021 | 2 replies
Call your city real estate office and they will direct you on what you need to do.
26 October 2021 | 8 replies
It is a solid brick building, but the replacement cost shot up due to the change in supply chain and construction costs.
31 October 2021 | 1 reply
@Srikanth RajA few things that will make your life and your loan officer's life easier on this:1.
3 November 2021 | 21 replies
Over the the episodes from the past two weeks, David from the BiggerPockets podcast has brought up that real estate will be harder and harder to from the "small guy" to get into each year due to factors like: inflation, hedge funds being hyperactive in the market, the lack of supply and high demand causing an increasingly competitive market, real estate being a more attractive investment for our current economic condition, etc...
1 November 2021 | 3 replies
Start saving up boxes, wide markers, tape, trash bags, cleaning supplies and hire help to start packing everything on day one after the eviction.
6 December 2021 | 11 replies
Stop by the new office in Natick when around.
25 October 2021 | 3 replies
Michigan has no laws about appliances - not to be confused with mechanicals (furance & hot water heater).Your liability depends on what your lease states.Our lease states appliances are supplied for tenant convienence, but we don't have to fix them.Of course, tenants NEVER read their lease and alwasy seem to think they're staying in a hotel and a landlord has to do EVERYTHING for them.So, in realtiy, we fix appliances for good tenants so they stay.