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17 October 2024 | 26 replies
Find out what a typical nightly rate is for your area (not what air bnb charges, the actual nightly rate the owner will receive not including the cleaning fee).
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15 October 2024 | 14 replies
Typically, you can get a comparable rate on a DSCR by paying for it with some combination of points and fees up front.
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10 October 2024 | 5 replies
I'm pretty sure this is allowed within California based on articles by CRES Insurance, but unsure about how to send clients to other state realtors as a finder.My question is: If I make agreements with realtors in various states outside California, can I send them clients and collect finder fees?
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9 October 2024 | 8 replies
Is anyone familiar with late fee laws in Maryland for a commercial property?
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15 October 2024 | 2 replies
For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.
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9 October 2024 | 8 replies
Do the fees add up daily or do you use a different rate?
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17 October 2024 | 14 replies
$30,000 for a consulting fee sounds like the way he makes his money, not by buying real estate / short-term rentals.
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16 October 2024 | 10 replies
. $70k is quite a lot where things could go bad imo.But to comment on the other thing:> on the first - maybe. it does seem like you have good experience. but your numbers on it as a BRRRR are overly optimistic. you'll have to pay points at closing for the loan; you'll have holding costs while you rehab; it's difficult to get an 80% refinance; and refinances aren't free either. so you've left tens of thousands of dollars in costs out.So, we have already talked with the hard-money/bridge lender about all associated fees (1.5% origination, $2500 closing), they are included above.
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22 October 2024 | 15 replies
The lifetime access fee for the training is nearly $3000.
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11 October 2024 | 1 reply
One "bargain" cost me $30,000 in hidden repairs - don't repeat my mistakes.Build your team early: a realtor, inspector, contractor, accountant, and maybe a property manager.