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5 December 2024 | 87 replies
So once you invest, you're added to the operating agreement of the company and you would now own a percentage of the company's assets - in this case it would include homeowner payments, bank accounts, REO's/properties, as well as all of the notes in the fund.The biggest risk of any fund investment is that you could lose some or all of your investment principle if the company were to go out of business.
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26 November 2024 | 5 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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30 November 2024 | 10 replies
I would ask what their commission percentage is, how much training they provide, if they require you to be in the office, and how much their agents make on average.
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27 November 2024 | 0 replies
- get into real estate with a lower rate and lesser percentage down payment.
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3 December 2024 | 15 replies
The lower the loan amount, the higher the origination percentage% is usually, however, as you asked - those items can vary greatly depending on the full scenario.
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29 November 2024 | 9 replies
Their fees are giving me a little pause since they charge a percentage of the amount in the account and additional fees for each transaction.
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30 November 2024 | 14 replies
Simultaneously, if this vacancy is a high percentage of the buildings total SF, I would market the property for sale to an owner-user who may be able to fill the vacancy at preferred rates while gaining investment income off the other tenants.
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6 December 2024 | 36 replies
Might have to look into this...I'm still over here getting a new card for the $200 off of $500 in the first 3 months and borrowing free money for a year lol I've always done cash-back and just make sure I use the card w/ the highest percentage for whatever I'm buying - I think Amazon is 6-7% back (depending how how fast you want it delivered), Wal-mart had a good one (5% back) there but I believe their partnership w/ CapitalOne just ended, Costco has a good one (4% back and I think 7% on gas).
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27 November 2024 | 11 replies
This fee is typically a percentage of the remaining balance and can vary based on the loan agreement.2.
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25 November 2024 | 19 replies
However $500/ month if that is after the house is rented is a high percentage for a long term rental.