Sumesh Vadassery
Commercial Real Estate - Personal Mortgage is that a possibility?
22 August 2017 | 5 replies
Interest rates are typically a little higher than residential mortgages but upfront fees can be nominal.
Walker Seid
first rental property
13 October 2014 | 7 replies
Two Reasons: 1) You can buy a perfectly good washer/dryer for pennies on the dollar in the used market. 2) When it breaks (IT WILL BREAK) a good used appliance vendor will exchange the appliance for a nominal charge.
Nathaniel Donnelly
Stay with SFR or get a Condo? San Diego
5 November 2014 | 6 replies
That said, I do invest in SFR that have HOA with nominal (~$100 per year) HOA fees.
Eric Bowlin
50%/2% rules do not lead to wealth?
27 December 2014 | 12 replies
Intrigued I sat down today to crunch some numbers:Assumptions:Expenses = rent*.5 rent = .02 * value of propertyDebt Service (5% for 30 years assuming 25% down) = .2013 cents per dollar (constant amount)Math:per $1 of rent, expenses = $0.7013$1 - .7013 = .2987 income per dollar of rentI want to earn 100k/year on rental income(X rent)*.2987 = 100,000100,000/.2987 = $334,784 rent income per year to give me 100k incomeRents are 2% of value..so 334784 * 50 = $16,739,203 in real estate required to produce these rentsDown payment on all this property = 16739203*.25 = $4,184,800 cash required to purchase these100k return for 4,184,800 invested = .02389 = 2.39% return.Assuming 2% REAL appreciation (5% nominal - 2-3% assumed inflation)Real Return = 4.39%These rules suggest I need 4 mil in cash before I can retire with my goal income and the rate of return looks terrible.
Mark Pewitt
non-refundable processing fee
6 June 2017 | 23 replies
I've not done an assumption, but unless you're buying a $5 million building, a $10k non-refundable assumption fee sounds like an attempt to separate you from your money.Some kind of nominal fee to cover the processing costs seems reasonable (maybe $500-2000).
Kelly Conrad
I believe someone is living in my unit who’s not on the lease
2 March 2018 | 5 replies
In GA for instance you file an eviction but also another doc for a nominal fee called (and all others).
Tim Johnson
HELP - 24-hour eviction in Oklahoma (drugs/violence)
24 April 2017 | 6 replies
There are also places like rocket lawyer etc. that is online where for a nominal fee you can ask a question etc.No legal advice given.
Yiming Li
how to negotiate with seller regarding solar roof with lease?
29 August 2018 | 9 replies
When I was looking at leasing (I ended up buying instead) they told me that if there was ever a time the roof needed to be replaced, they would come out and take the panels down for the work to be done, then put them back up for a nominal fee.
Jacob Pereira
Assess my deal
9 June 2016 | 14 replies
@Jacob Pereira Well those increases are pretty nominal in the grand scheme and wont change your important results significantly, and could very well be offset by the increase in rent (which appears to be very reasonable given your market).