
12 November 2017 | 15 replies
It can be tough to get a membership however.

8 November 2017 | 3 replies
PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?

15 November 2017 | 4 replies
Then we found that our state landlord association offered a cheaper option as part of membership, which is very reasonable for a low number of units owned.

15 November 2017 | 3 replies
Also, does a lender require a survey before funding a loan?

15 November 2017 | 1 reply
He did get an attorney and they need an abstract of title and survey etc.

15 November 2017 | 7 replies
off the PRo membership before the rate increase happens tonight.

3 July 2018 | 31 replies
Nashville TN 50x150 lotTwo homes - stacked front to back - popular here75,000 land costTwo 1600 SF homes - 3 bed 2.5 bath @ 105/SF build cost - 336k build cost320,000 sell price per house6% realtor fees14k interest - 4k survey - 1k legal fee - 36k builder fee0% down construction loan if at or below 80% LTVTotal cost of loan = 447k, Appraisal (estimate) = 640k, So total cost is right at 70% of appraised valueOut of pocket spent on soft costs = 20k~141,000 profit10 month timeline

17 November 2017 | 7 replies
Any sort of manipulation other than a 1031 exchange is going to result in a tax consequence although an installment sale or sale of membership interest of an LLC can spread out some of that.However, I think there's one compelling reason to explore the LLC route anyway if the buyer has good financing capability if they do not want to pursue a 1031.

23 November 2017 | 3 replies
The Plus Membership more than doubled in price with a 111% increase and unlimited reports and history were both killed.
23 November 2017 | 2 replies
The owner of record -- the one shown as the grantee in the current deed recorded among the land records -- will need to execute the deed transferring the property.So let's say you acquired the property in the name of LLC1 (the owner of record) and subsequently ownership of this particular property/membership interests representing it was transferred to a subsidiary LLC2.LLC1 will be signing the deed.