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4 November 2024 | 7 replies
My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc LOL ...
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11 November 2024 | 1 reply
An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.
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17 November 2024 | 13 replies
@Alex ThomsenThat is Way too much and also in North Carolina there is some weird due diligence fee that is not refundable so be careful.
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15 November 2024 | 7 replies
Changes some of my answer below, but here would be most of the types of transactions you would have in these accounts and between them.Property transactions would be: all property specific rents and expenses, allocated expense transfer to the master LLC and transfers to master LLC bank account for profit AND/OR property management fee.Master LLC transactions would be: Shared expenses going out, reimbursements/transfers from properties for their allocated share of those expenses coming in, the transfers from your properties deemed as profit AND/OR property management fee and then transfers to your personal accounts deemed as owner distributions.Other transfers that could occur is if the master LLC needs to transfer to the properties for capital expenditures above and beyond the reserves you might leave in their accounts.
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11 November 2024 | 2 replies
Either define a set period of time that you will serve as a manager for no cost and then collect xx% of revenue as a management fee before splitting profits.
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13 November 2024 | 14 replies
PadSplit's fee is actually 8% + the first 10-days.
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12 November 2024 | 1 reply
But since MTR became popular especially in Vegas we just went to our broker who placed the tenant for a lease fee and its worked great.. its a nice way to go this MTR..
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15 November 2024 | 10 replies
.$400Baseboard (had it left over from another job so $0, but would have cost around $100)New interior door, wood studs, drywall, mud $300Paint $100Dump Fees $500Misc stuff I’m probably forgetting $500TOTAL COST $12,500Rehab cost per square foot = $25
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14 November 2024 | 6 replies
If it's only 1 unit, and you are just starting, Airbnb and Furnished Finder would be good.FF has a very small yearly fee and airbnb will take a commission, but it will also get you used to both.
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13 November 2024 | 4 replies
Also, Buckhead is generally pretty expensive and when adding Condo fees, tough to cashflow significantly.