Kay Nemen
Is it common for property management companies to charge these fees?
5 March 2024 | 15 replies
Like any service based business, you're going to encounter a variety of types of fee structures.
Sam Schultz
Challenge and Excitement
5 March 2024 | 0 replies
Along with the literature I'm reading, it made sense at the end to purchase the Pro package.
Robert Snowden
Seeking LGBTQ-friendly real estate financial/lending source
6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.
Cyndy McCommic
Are there really private money lenders Out there?
4 March 2024 | 5 replies
first off if you have to buy a system those are not true private money lenders those are HML ers full stop.private money lenders are folks that you meet personally.. at REIA meetings etc.. other professionals that you may encounter in your day to day that would have invest-able cash. many of these professionals will have IRA solo K profit sharing plans and those are your perfect investor. otherwise quit wasting your time and find the nearest HML that are REAL ( tons of fakes) their rate will be basically the same as private lenders generally speaking
Brayden Zender
How to scale after your first property
4 March 2024 | 6 replies
This is something you will encounter if you sell your current property; that you will get some of that equity back but there is a lot of money that will be lost in closing costs, taxes, agent fees and the like.
Engelo Rumora
WTF is wrong with investors these days?
9 March 2024 | 261 replies
The next pocket of doom is one a few see, and likely a pocket we've not encountered before.
Kalid Ham
Wholesaling Contracts (Under Contract). How do I get buyers
4 March 2024 | 6 replies
HOWEVER, this service costs around $500/month for the basic package, or $1K or $3K a month if you want access to their buyers list.
Mary Conrad
REI Pro vs. PropStream?
3 March 2024 | 1 reply
Aloha Mary, there are many packages out there to choose from.
Duarte Marques
Buying a turnkey duplex for section 8?
4 March 2024 | 23 replies
If you place anyone in a regular retail rental with inept investing or management styles you will encounter those problems no matter who you rent to.
AnnMarie Bacchus
Are CPA’s necessary before starting out? If not, at what point is a CPA necessary?
4 March 2024 | 59 replies
Obviously there will be a fee a pay for the services of course but i’m noticing most CPA are trying to sell me a packaged deal meant for REI who have larger portfolios with complex tax planning/strategy needed and I haven't found someone who fits my need.