The way to get rich is to get more properties like this, not pay a bunch of fee's to tap into your equity. 

I would connect with a broker who can help you compare terms across a wide variety of lenders and explain the differences in underwriting, rates, fees, etc.

It's best to return the entire deposit and chalk this up to an education fee.

I would wait a while to get them at a discount but with condos, it always feels like a gamble because of future assessments, fee increases and difficulty getting a tenant approved in a timely manner.

At all, but be wary of higher rates and fees associated with something like this.Happy to connect to talk more strategy and detail on creative financing, and investment strategies!

A competitor would have to take transaction fees (as Paperstac is doing today), but could also find revenue streams in aggregating and selling anonymized market data to institutional investors or researchers.

I mean I close a ton of deals with little assignment fees on them little daisy chains 2k to this guy 1500 to this one etc.

The example I just posted above would have cost me 3500 in legal fees and 7500 in lost rent best case for an eviction.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Some syndicators that paused distribution stop taking there fees but not Open Door.