
30 July 2024 | 2 replies
I would just say the biggest red flag here is "anything sounding too good to be true" - whether thats a hard money interest rate well below market, or 100% "no skin in the game" financing, etc. - those are the biggest red flags here IMO

29 July 2024 | 4 replies
Don't know much about it other than the fact that it has about 1000 open grave sites and they also bring in revenue through digging and maintenance.

31 July 2024 | 13 replies
The 2 biggest fees with a PM company is the % of 1st month rent they take and then of course the 10% average monthly of the rental they pocket.

30 July 2024 | 8 replies
PennyMac) pull in substantial revenue from their government mortgages.

30 July 2024 | 24 replies
Walk into your bank and open an account "John Doe DBA Biggest Pockets Around".

31 July 2024 | 46 replies
I am happy to jump on a call and brainstorm the possibilities, and also give you an idea on realistic revenue potential so you can compare.

29 July 2024 | 3 replies
Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

31 July 2024 | 19 replies
And it's commercial, intent is for revenue purposes, so revenue is the most important of the 3 to consider, by far, unless there is some extenuating circumstance.

31 July 2024 | 16 replies
Otherwise, an employer is legally not allowed to share worker information, so we have a Verification of Employment (VOE) form we send with applicant's authorization signature.The biggest challenge/frustration is, all of this takes more time and effort - which costs a PMC more payroll!

31 July 2024 | 9 replies
Would the recurring payments be if I charged a fixed rate retainer for my services each month instead of a % of monthly revenue?