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17 February 2025 | 5 replies
Typical Project Management Fee for a GC General contractors (GCs) typically charge a project management (PM) fee of 10-20% of the total project cost.
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22 February 2025 | 1 reply
Collaborating with your neighbors to share infrastructure costs could be a game-changer, especially with something as expensive as road construction.
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19 February 2025 | 9 replies
I know we can start with DSCR and refinance, but then you're paying closing/origination costs twice.
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21 February 2025 | 28 replies
In a world of constant inflation, maintaining your lifestyle over time requires an income that meets four key criteria:Rent Growth Must Outpace InflationIf a basket of goods costs $100 today, in ten years, with 5% annual inflation, that basket will cost $162.
20 February 2025 | 5 replies
For all multi-family properties we always handle the lawn care as there are common areas so we can't expect the tenants to care for it.When sending the security deposit claim we state the additional cost that is owed for damages even if the entire security deposit is claimed for other damages.
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17 February 2025 | 3 replies
Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.
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22 February 2025 | 5 replies
With 8% you should easily cover the heloc cost, and more to pay it off down the road.
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19 February 2025 | 0 replies
The home the owner is wanting is reasonable enough for the cost to build the home would make the "cost" of the property to be bought at a discount.
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21 January 2025 | 10 replies
When a PM does charge a markup, he's usually getting a discount on the service to keep the cost stable.
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30 January 2025 | 8 replies
This is likely the cheapest and simplest pathway.