Briley Roe
Novice investor running numbers
2 January 2025 | 1 reply
Paying ~12% of the loan in fees/closing costs is quite high.
Jahl Brown
Double Closing in NJ
27 December 2024 | 2 replies
for double closing you would need your funds to buy then sell it to end buyer at premium. there are transactional funding companies that can lend the cash for a fee.
James Anderson
How Do Investors and Agents Build Off-Market Deal Partnerships?
6 January 2025 | 2 replies
Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Lutfiya Mosley
The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
18 January 2025 | 34 replies
I have already spent quite a bit on attorney's fees myself.
Ken M.
Creative Financing for 2025
2 January 2025 | 10 replies
They remain whatever the original borrower has.When you use typical financing from a lender, you have the lender's hoops to jump through and loan origination fees, the appraisal has to come in at a certain number, oftentimes an inspection or appraisal will kill a deal.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
After all the fees from closing and paying back the interest on the private loan my new loan was at 335k.
Carl Rowles
Rehab Financing Strategy Help
19 January 2025 | 10 replies
Processing fee is very small and you usually can get funds in 3-5 days!
Dan Thomas
Airbnb claim process
4 January 2025 | 19 replies
I know they are crazy guest friendly but this seems over the top.Guest didn't deny it....responded with "I payed the cleaning fee, why would I clean up?"
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
You could also structure a plan that has the income snowball pay for the coaching fee.