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Results (10,000+)
Wade Wright Paying for Project Management
7 July 2024 | 8 replies
If that is the role you are looking to file I'd think you would be paying between 5-10% of project cost.If you are actually looking for this PM to hire subs, write contracts, schedule, order materials...essentially acting as a GC....I would expect you to be paying between 15-25% of the project costs.I can't speak specifically to your market, but those are some ball park percentages based on my experience here in Chicago.
Daniel Tkach Rehab estimation costs
8 July 2024 | 16 replies
The contractor is basically doing a home inspection and then writing up an estimate .
Manuel Llanas VA Home Loan Benefits- Information and more
7 July 2024 | 5 replies
Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!
Navid Sadighi How should I continue to grow my dad’s portfolio?
9 July 2024 | 22 replies
You are likely going to have to spend more time helping your mom and better to enjoy the quality time you have left with your dad.Go through each property and write out what it brings in, expenses, etc and rank them as to the one you want to get rid of first.
Yongming Huang Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
By the time the agent is done working between showings, writing contracts, negotiations and inspections irs weeks of work. 
Jamall Lynch CaPex Budgeting Costs
8 July 2024 | 20 replies
The proper way is as you said write down your capex expenses and lifetimes and amoritize it down to a month.
Nathan Gesner Do you support reusable credit checks?
8 July 2024 | 18 replies
If now Im using my Transunion Service, using Fico version 8, and someone gives me an Experian report with FICO version AutoScore 4, then comparing the 2 is meaningless.Though Im sure legislators writing these laws have very little idea you could have 48 different potential scores that are all still FICO scores. 
Dan Green Subject to on a VA loan
7 July 2024 | 12 replies
The owner of that property in question cannot restore his full VA entitlement until such time as the VA loan is paid off in full.Further, even if you gave him the 3.5% down on FHA, his DTI will still be hit with the payment on that VA loan, almost certainly killing his next home purchase before it even gets going.And if he gives up on homeownership, all the future potential landlords are going to see that mortgage on his credit, and likely consider him unqualified for the rental unit.Unless someone is going to write a check to pay that VA loan off in full, this is a predatory activity and the victim is the owner of the home in question, given his goals and the proposal on the table.Do the right thing.
Roberto Falck First rental property - market choice... do you agree?
6 July 2024 | 8 replies
Fees should be clearly stated in writing, easy to understand, and justifiable.
Joey Morgan Help with writing a "subject to" offer
3 July 2024 | 6 replies
I'm a Realtor in Central Oregon and a client wants me to write a "Subject To" offer.