Each closing, whether multi-family or single family, is going to have some of the same costs: title insurance, attorney fees, inspection fees, appraisal fees, fees associated with financing, etc.

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The total cost for this monthly for me is $1.00 fee for online payment for Sevier County, TN and the .73 cent stamp for Blount County, TN.

Typically high fees, but still half of what I was being charged by the investors edge. 

Finally got it straightened out and Newrez did waive the late fees because it should have been a seamless transition and was not.

That would be the minimum entry fee I would think.

It may be worth having an experienced professional helping you and you could always try to get the seller to pay your agent’s fees.

No NON-QM broker or lender should be collecting upfront fees for processing.

Mortgage rates at 7% 2. 25% down3. 10% of current rents budgeted for capex, monthly repairs and maintenance and property management fees. 

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.