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21 December 2024 | 6 replies
"pay me double of my expected assignment fee upfront., or in escrow and I will terminate it.
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21 December 2024 | 10 replies
The property will be sold upon completion.Rate: 12.05%Term: 13 months interest onlyARV: $648,000Loan Amount: $433,000Processing Fees: $15,361.64 (3 pts plus processing fees)Escrow Charges: $3,130.90Insurance/taxes: $1,722.82Construction Holdback: $498,361Cash to Close: $84,762.36 In the OP, you said that the loan amount was $346k.
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25 December 2024 | 11 replies
They’ve been solid investments, with rising rents and property appreciation, but over the last 2 years, skyrocketing HOA fees and stagnant value growth have reduced cash flow.
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25 December 2024 | 4 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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8 January 2025 | 38 replies
In my shoes, it would be hard to credit a client for a decision that could have saved you $10k+ in damages, especially when it wasn't something that went to our firm (like management fees or an in-house maintenance contractor).
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19 January 2025 | 47 replies
Operating expenses like property management fees are capped and transparent, ensuring owners can’t inflate costs or misuse funds.3.
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20 January 2025 | 57 replies
FBI: Foreclosure Rescue FraudThese con artists convince desperate homeowners that they can save a house from foreclosure if the homeowner deeds the property to them and pays an exorbitant fee up front.https://www.fbi.gov/video-repository/newss-foreclosure-rescu...18 U.S.C. §§ 1014, 1343, 1344, 1349, 1961, 1963 (2024).18 U.S.
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3 January 2025 | 40 replies
Everyone that has more than 1 or 2 properties should have some kind of basic spreadsheet that demonstrates how much that property is bringing in after all your fixed costs are accounted for, at a minimum - PITI, lawn care, HOA fees, etc.
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24 December 2024 | 4 replies
Cassidy Burns and BPG Residential Just curious. did you include your cost of sales, realtor fees, escrow, capital gains in your profit projection?
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20 December 2024 | 2 replies
Loan-related fees and expenses3.