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Sonic Realty

DJ Peterson

Real Estate Investment Trusts (REITs): A Beginner’s Guide

Suppose you’ve ever dreamed of investing in real estate but felt overwhelmed by the idea of buying, managing, or maintaining property. In that case, Real Estate Investment Trusts (REITs) may be your perfect entry point. REITs allow investors to tap into the real estate market without the high capital requirements or hands-on property management. This […]

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House Hacking: A Strategy for First-Time Investors

House Hacking: A Strategy for First-Time Investors

  In today’s volatile real estate market, aspiring investors constantly search for innovative, low-risk ways to break into the industry. One increasingly popular method that’s gained traction among millennials, Gen Z, and financially savvy individuals is house hacking. This strategy offers a practical entry point for first-time investors by blending homeownership with real estate investment,

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Understanding Cap Rates for Investment Properties

Understanding Cap Rates for Investment Properties

One of the most commonly used metrics to evaluate the profitability of an investment property is the capitalization rate, more widely known as the cap rate. Whether you’re a seasoned investor or a newcomer exploring real estate opportunities, understanding cap rates is crucial to making informed decisions. This article breaks down cap rates, how they’re

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Buy and Hold vs. Fix and Flip: Which Strategy Is Right for You?

Buy and Hold vs. Fix and Flip: Which Strategy Is Right for You?

Investing in real estate can be an excellent way to build wealth, but choosing the right strategy is crucial to success. Two popular investment approaches are “buy and hold” and “fix and flip.” Each comes with its risks, rewards, and time commitments. If you’re considering entering the real estate market, understanding these strategies will help

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Understanding Local Zoning Laws and Their Impact Investment Strategies

Understanding Local Zoning Laws and Their Impact Investment Strategies

Introduction Investing in real estate is a lucrative strategy for wealth accumulation. However, success depends on a deep understanding of local zoning laws. These laws dictate land use, affecting property values, potential developments, and long-term investment viability. Comprehending zoning regulations is crucial for mitigating risks and optimizing returns. This article explores the fundamentals of zoning

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Climate Change and Real Estate: What Buyers Need to Know

Climate Change and Real Estate: What Buyers Need to Know

  Introduction Climate change is reshaping the real estate landscape, influencing where and how people buy homes. Rising sea levels, increased natural disasters, and shifting weather patterns affect property values, insurance costs, and long-term investment potential. Whether you’re a first-time homebuyer or a seasoned investor, understanding the impact of climate change on real estate is

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The Rise of Smart Homes: Impact on Property Values

The Rise of Smart Homes: Impact on Property Values

Introduction In recent years, the concept of smart homes has transitioned from a futuristic vision to a mainstream reality. With the rapid advancement of technology, homeowners are increasingly integrating smart devices to enhance security, convenience, energy efficiency, and overall home management. This evolution is not just transforming lifestyles but also influencing real estate markets. A

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Understanding Real Estate Market Indicators

Understanding Real Estate Market Indicators

The real estate market is a complex ecosystem influenced by various factors. Understanding real estate market indicators is essential for investors, homebuyers, and industry professionals to make informed decisions. By analyzing these indicators, stakeholders can gain valuable insights into market trends, future performance, and potential risks. This article will delve into some of the most

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Emerging Neighborhood Hotspots in michigan: Where to Invest Next

Emerging Neighborhood Hotspots in michigan: Where to Invest Next

Michigan’s real estate landscape is undergoing a dynamic transformation, with several neighborhoods emerging as prime investment opportunities. From urban revitalization projects to suburban developments, the state offers diverse prospects for investors seeking growth and profitability. Here, we explore some of Michigan’s most promising neighborhoods and cities that are capturing the attention of savvy investors.  

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Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Service Charge or Range of Charges
Sonic Realty LLC 1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement Service Charge or Range of Charges
Appraisal Fee $0-$800
Credit Report Fee $63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.
ACKNOWLEDGMENT
I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.