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9 January 2025 | 0 replies
Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.
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12 January 2025 | 12 replies
However, there are also some downsides to consider, such as higher fees/interest rate.
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29 January 2025 | 21 replies
In the instance you refer too, this is in florida and I have seen in FL defendants get attorneys fees covered.
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14 January 2025 | 7 replies
Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.
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16 January 2025 | 19 replies
Foreclosure sale could sell at same price as original purchase, but with accrued interest and fees, all LP equity gone.At the end of the day, all LPs loses boil down to an issue with cash flow available and/or a decline in overall values.
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28 December 2024 | 1 reply
I've seen it with my own eyes, my real estate ventures have hit the jackpot thanks to these tactics.Now, let's dive into boosting that revenue through clever fees and rebranding.Charging appropriate fees during the application and move-in process is essential.
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10 January 2025 | 3 replies
We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.
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9 January 2025 | 46 replies
Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect July 1 2025Requires:On line application to become a licensed wholesaler ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.
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14 January 2025 | 37 replies
If the property sold today, after 1% cost of sale there's only $2.5 million in cash coming from that sale and that's assuming that there's no exit fee on the loan and no outstanding payables.
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19 January 2025 | 9 replies
I bought these two houses that were next door to each other with a partner using hard money (3pts, 13% interest, and 1% extension fee every 3 months after the initial 6 month term).