Access to MLS is one of the best reasons for investors to get their license since it's such a low bar to entry and low annual fees for that and access to all dumps on the market.

However, it increases costs and administrative work, like filing fees and bookkeeping.Tax-wise, LLCs are pass-through entities or disregarded entities, so profits and losses flow to your personal return, but managing multiple LLCs complicates filings.

Some assets can be valued significantly lower than their actual worth because of illiquidity and other factors.

Hi Kayla, Sorry you are going through this.Without context on price point and other factors, it's hard to say definitively what the exact best course is, but I have seen investors off-load properties like this by seller financing.

From a transactional cost standpoint alone, the fees on the way in and on the way out require significant appreciation to break even.

What are fees associated with the Qualified Intermediary holding onto this money?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

"pay me double of my expected assignment fee upfront., or in escrow and I will terminate it.

The property will be sold upon completion.Rate:  12.05%Term:  13 months interest onlyARV:  $648,000Loan Amount:  $433,000Processing Fees:  $15,361.64 (3 pts plus processing fees)Escrow Charges:  $3,130.90Insurance/taxes:  $1,722.82Construction Holdback:  $498,361Cash to Close:  $84,762.36 In the OP, you said that the loan amount was $346k.

Maverick received a referral fees (in excess of $6000) from the transaction between ABC Baltimore and me.