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30 January 2025 | 19 replies
As I understand, landlords there cannot charge application fees, security deposits and evictions are VERY challenging.Have communicated with several PMCs and investors in Ohio market and not aware of any real differences from Michigan.
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30 January 2025 | 13 replies
It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years).
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23 January 2025 | 31 replies
I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?
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10 January 2025 | 12 replies
Rates are a bit higher but if you can leverage up to do more than 1 flip at a time, it will be worth paying the lender fees.
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17 January 2025 | 28 replies
HostGPO charges you a fixed monthly membership fee.
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20 January 2025 | 4 replies
Realistically, to make the business work, they are hoping all the people who are using the "free services" to eventually go into banking where they can collect fees for anything bank related.
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6 January 2025 | 4 replies
We've been able to rent properties pretty quickly, just as long as the rental rate is appropriate!
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17 January 2025 | 10 replies
Too many are locking up properties at retail prices and tacking on outrageous assignment fees, leaving no room for investors to profit.
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3 January 2025 | 26 replies
Here is the source for the commission rate, right from the Sitzler NAR lawsuit judgement (bold text added):"In addition to training, Plaintiffs have presented expert testimony showing that Section 2-G-1 had the effect of stabilizing commission rates.
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13 January 2025 | 15 replies
I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.