
3 September 2024 | 4 replies
As of now, with estimating every house at 75K ( I figured high) with the interest at 7.5%, paying all taxes, muni fees, waste fees, and the salary of the manager at 35K a year, I would be netting 6K a month with the current layout.

30 August 2024 | 2 replies
Most of the times, who pays the broker fee in Brooklyn, NY (specifically for this market...not rest of NYC) for rentals -- the tenant or the landlord?

4 September 2024 | 1 reply
She found a house, i paid the usual fees (pet deposit, security deposit, first month rent.)
4 September 2024 | 6 replies
I understand each city/county may have their own permitting requirements, fees, regulations, etc. but I'm wondering how people are making any return on their investment if it maxes out at 90 day rental.

4 September 2024 | 4 replies
The partnership used to include a discounted fee until they announced this change about a year ago.

4 September 2024 | 7 replies
Usually, our cash buyers pay more either way since they do not have to pay lender fees.

3 September 2024 | 6 replies
You could deduct advertising fees.

3 September 2024 | 10 replies
Here's a high level average cash flow calc for a few different property types based on what I'm seeing.Apartment/Condo (2/3 BR, 1/2 Bath):Purchase Price: $350k Mortgage Payment: $1550/monthProperty Taxes: ~$1600/yr or $134/monthMaintenance Fee: $700/monthProperty Insurance: $125/monthUtilities: $300/monthAssume no maintenance/capex reserve since Condo. $140/month vacancy reserve (5%)Rental Income: $2800/monthCash Flow: -$134/moTownhouse:Note: Looking at low price units on the market for < 7 days to possibly get more value / minimize mortgage paymentsPurchase Price: $450kMortgage Payment: $2150/monthProperty Taxes: $1900/yr or $159/moUtilities: $300/monthProperty Insurance: $125/monthMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $500/moRental Income: $3000/monthCash Flow: -$232.64Detached Home - Single UnitPurchase Price: $600kMortgage Payment: $3193Even if I can get $3300-3400/month for a 3-4BR home purchased at $600k, maintenance and reserves will cause it to be negative cash flowDetached Home - Two UnitsPurchase Price: $700kMortgage Payment: $3831Property Taxes: $3500/yr or $292/moUtilities: $300Property Insurance: $125/moMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $860/moCash Flow: -$608.57Are any of my numbers way off?

4 September 2024 | 10 replies
DSCR loans are loans issued by private lenders with proprietary and differentiated rules and guidelines and are typically included in “non-QM” securitizations.The advantage of conventional refinance loans is that they typically have the lowest interest rates and fees.

2 September 2024 | 8 replies
should it be interest only3. what fees should i charge4. if i am using a loan servicing company how do i factor in the fees?