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20 August 2024 | 452 replies
The way I look at it, it doesn't help you if you don't cash it out. if the property is performing correctly it will carry the mortgage all the while pulling basically cash out to put into further deals.
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16 August 2024 | 2 replies
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.
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15 August 2024 | 6 replies
I also pay for performance, meaning if my selling realtor gets my full net-price or better, I bonus them an extra .2% (which would be $2,400 in this example).
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19 August 2024 | 46 replies
If an agent performs work for a consumer before having an agreement in place, then they are in violation of the Sitzer/NAR settlement.
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16 August 2024 | 20 replies
I'd look into AirDNA comps to see performance with/without.
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15 August 2024 | 6 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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14 August 2024 | 19 replies
Does anyone have a trusted contact in North Carolina to perform a Cost Segregation Study?
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16 August 2024 | 19 replies
On top of that insurance for the units went up and so did property taxes so what was once a very profitable commercial rental has turned into my worst performer.
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14 August 2024 | 42 replies
I like all that they offer which is Standard Servicing $35 includes:Customer ServicePayment ProcessingMonthly StatementsCredit ReportingEscrow ImpoundsInvestor ReportingArm Loan AdjustmentsLate NoticesMaturity LettersDefault Servicing (Non Performing) $85 includes all the above as well as:Loss Mitigation Repayment PlansLoan ModificationsShort Sale ProcessingDeed in LieuCollection CallsBreach LettersForeclosure Prep & ReferralBankruptcy Referral & MonitoringForeclosure Sale BidsREO-Eviction ProcessingIm not real excited about their pricing and I wonder if they're are other companies who do the same job for a lower price.
14 August 2024 | 7 replies
Your goal should be to have performance cap rates at 7-8% on something with a market cap of 5-6%, which gives you a healthy 200 basis point spread from the going market rate.