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28 September 2024 | 21 replies
That weeds out 95% of them.Debexpert fees are too high to make the numbers work most of the time.
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27 September 2024 | 14 replies
Easier ways I do this are using a site like rentometer.com - which is a subscription service that provides market rents by address with comps OR using zillow and/or craigslist to see what rents are in the area/zip code.
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3 October 2024 | 26 replies
My mortgage is less than $1000 and I get $1500 in rent, when realistically I could get $1600+.If you can manage to put 5% down and get a traditional loan, your PMI and fees will be less than going the FHA route which will reduce your costs.I don't have a ton of properties, but this is what my experience has been.
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30 September 2024 | 26 replies
(I receive some from a couple different franchisees) They carve out a small assignment fee of a few grand.
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25 September 2024 | 6 replies
I have searched the web to find some paid subscriptions like Monarch or YNAB or Empower.
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1 October 2024 | 13 replies
And if not, what groups or people do you recommend I talk with regarding private money lending for amounts that would allow me entree into Sub-To deals that require lower capital entree fees?
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30 September 2024 | 4 replies
JLH capital made their normal fees.
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1 October 2024 | 12 replies
To answer your question, Accounting when you have a PM Company in place is tricky because your bank statement may only show a payment of $800 but in reality that may be the result of $1,000 of gross rents less $100 in PM Fees and $100 in repairs made on your behalf.Best of luck.
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1 October 2024 | 2 replies
And don’t forget that your legal bills, process server fees, etc are higher.But even after the expenses and the higher maintenance, the reward of the much higher NOI is there to be earned.
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30 September 2024 | 11 replies
Many colleagues I've spoken to start at $1,200+ and I've learned the hard way, you get what you paid for.Unless you have a tax background I would not recommend tackling these returns yourself given all you're doing and if you plan to add more partnerships in the future it's even more important you work with a tax professional you know, like, and trust.I've seen people in the same situation to save ~$3,000 in prep fees, did the return themselves, then received a $120k IRS notice of change to their return.