19 November 2024 | 1 reply
Any suggestions on how you calculate the wholesale fees would be appreciated.

28 November 2024 | 10 replies
Higher Fees and Costs: Cross collateral loans may come with additional fees, such as appraisal costs for each property involved, which can increase the overall cost of borrowing.In conclusion, while cross collateral loans can provide valuable opportunities for accessing larger amounts of financing and potential cost savings, they also come with considerable risks and complexities that borrowers must carefully consider.

29 November 2024 | 2 replies
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26 November 2024 | 1 reply
Inspection Costs - $400 Lender Fees - $1,000 Closing Costs - $2,000 Mortgage Payments - $2,500 Property Taxes - $600 Utilities - $1,000 Insurance - $200 Commissions - $4,000 Selling Closing Costs - $4,000 Home Warranty - $500 Termite Letter - $100 MLS Fees - $100

29 November 2024 | 18 replies
This is the super's job - that's what you are paying the HOA fees for.

27 November 2024 | 3 replies
Rooming houses usually don't get to take advantage of sporting events, concerts, festivals that usually result in spikes in rental fees and more profits ( and glory) that AirBnb and other STRs get to.

28 November 2024 | 22 replies
I bet the government thought people would plug in while visiting the DMV and then leave, that never happensThat's solved with an "idle fee".

27 November 2024 | 7 replies
@Jennifer Moscatello we have an addendum that says it was x amount full at occupancy and the difference will be reimbursed either way at vacancy plus a restart fee if they let it go empty.

28 November 2024 | 10 replies
Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.