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27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?
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30 January 2025 | 6 replies
The website does not have an area for me to pay a fee to download the agreement.
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4 February 2025 | 7 replies
Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.A couple of things I’d love your input on:Do you think it’s worth getting another quote from a different GC?
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20 January 2025 | 6 replies
There is a not so inexpensive fee - anywhere from 5k to 100k depending on the program and they take a % of each deal.
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14 January 2025 | 3 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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16 January 2025 | 10 replies
This will show you more evidence of the fees they really charge.
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27 January 2025 | 13 replies
This dragged the process out even longer, making it both exhausting and expensive—I’ve already spent nearly $10,000 in legal fees.
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1 February 2025 | 1 reply
You let it slide, waive the late fee, and she pays by the 10th.
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6 February 2025 | 17 replies
Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.
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28 January 2025 | 20 replies
And @Michael Plaks is correct that setting up in GA didn't avoid the CA LLC fee.