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27 December 2024 | 12 replies
I've already had to turn multiple people away after running their credit reports, so I can already see that it's not going to be financially feasible for me to be covering the fees myself.
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6 December 2024 | 4 replies
I am curious what is a market correct "finders fee" for bringing the company deals we are able to close?
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18 December 2024 | 6 replies
Finally decided to pull the trigger!
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18 December 2024 | 2 replies
Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions??
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19 December 2024 | 8 replies
Lots to pull apart here.
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9 January 2025 | 20 replies
If what you say is true, I know my base fee would be roughly half or a third of that for your situation if that helps to give you perspective.To speak to the other posts in reply to mine, I appreciate the clarification.
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19 December 2024 | 2 replies
For example, if you’re holding a triplex in Irvine, the strategies are going to differ greatly from someone managing high-end rentals in Newport Beach.Costs and Terms: Watch out for hidden fees.
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19 December 2024 | 4 replies
If I threw the money into SPY, it would be a 104% gain compared to walking away with an 80% gain after fees/commissions.
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18 December 2024 | 9 replies
It is a lot easier IMO this way than chasing people for your fee.
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19 December 2024 | 14 replies
Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.