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19 December 2024 | 4 replies
If I threw the money into SPY, it would be a 104% gain compared to walking away with an 80% gain after fees/commissions.
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9 December 2024 | 1 reply
Are there any lenders or ways to finance the entry fee for subject to deals?
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31 December 2024 | 57 replies
You can do whatever you want in terms of bending for the tenants and trying to provide "great service,' but the truth is you receive no credit for it and will be the evil landlord at the first repair that takes too long, late fee owed, alternation denied, etc.
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28 December 2024 | 23 replies
No Chilling in their plans or pulling up on the gas.
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20 December 2024 | 3 replies
The only good use I can see of the fees are based on rent charged would be for a tenant to purchase it and charge themselves $0 or near $0 rent to avoid the rent based charges.
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18 December 2024 | 2 replies
Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions??
13 December 2024 | 15 replies
Sounds like they could have different PPP or fees that go along with refinancing with a different lender.
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19 December 2024 | 14 replies
Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.
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18 December 2024 | 9 replies
It is a lot easier IMO this way than chasing people for your fee.
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19 December 2024 | 5 replies
SECTION 8 ANALYSISSection 8 Rent permitted $1785.30Subtract Utility Allowance - 468.00 Actual Rent Charged $1317.30Subtract Mortgage - 500.00Subtract Prop Mgmt Fee - 131.73Subtract Taxes (20%) - 263.46Subtract 10% Vacancy - 131.73Subtract 10% Cap Ex - 131.73 CASHFLOW TO US $ 158.65STANDARD LEASE ANALYSISMonthly rent (asking amt