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2 December 2024 | 9 replies
If you wholesale, and there is only 1 deed transfer with a gap fee going to the wholesaler, that's ok in NJ.
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11 December 2024 | 101 replies
Just watch out for HOA fees because they can be higher in boutique projects if they have a lot of amenities, not having an elevator will help here, and if one owner stops paying it can mean a lot to the other owners.
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5 December 2024 | 8 replies
(Be sure to factor in vacancy, PM fees, maintenance, etc in addition to PITI)•Do you have additional reserves to cover unexpected expenses like long than expected vacancies, high turnover costs, or major repairs (e.g., HVAC or roof replacements)?
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2 December 2024 | 10 replies
The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.
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30 November 2024 | 1 reply
I’m looking to use those skills to get a finders fee from investors who may be interested.
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30 November 2024 | 1 reply
Waived Fees: For vacant lots that previously had homes, water meter and sewer tap impact fees are waived.
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30 November 2024 | 3 replies
Potentially a 'exclusivity in exchange for reduced fees' or 'reduce per-visit fees as the number of calls increases.'
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4 December 2024 | 17 replies
Down side, your 2nd usage of a VA mortgage will run you 3.3% on the VA Funding fee (but it is financed into the loan), unless you get any disability from VA.
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10 December 2024 | 36 replies
Usually the lender will charge an extension fee to keep the same rate.
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29 November 2024 | 12 replies
If you live in California, the FTB still wants its $800 per LLC, no matter where your properties are.Question B:When it comes to setting up an LLC, here are three common approaches:1.DIY Approach:In most states, you can set up an LLC yourself for less than $100 in filing fees, depending on the state.