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4 February 2025 | 7 replies
•Work with lenders that roll fees into closing costs(some hard money lenders do this).
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17 January 2025 | 7 replies
For me just too much work.. as I stated its a specialty niche.. plus putting the deals together can run 100 to 250k in consultant fees up front.
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17 January 2025 | 2 replies
You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process.
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3 February 2025 | 27 replies
Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.
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24 January 2025 | 4 replies
Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.
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14 January 2025 | 15 replies
They can only collect the admin fee which is roughly $150/yr.
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20 January 2025 | 31 replies
There are also companies that will do it for $100-300 flat fee or $30-50/yr.
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26 January 2025 | 3 replies
Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.
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11 January 2025 | 9 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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19 January 2025 | 55 replies
Quote from @Edward Toomey V: I switched from Quickbooks to RentRedi 5 months ago because the payment processing fee cost me $400 a month with Quickbooks.