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31 January 2025 | 22 replies
It is the same recording fee, just different wording on the deed.
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20 February 2025 | 8 replies
Plus if they know you are trying to avoid the Realtor fees, then they will want to avoid them too.
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15 February 2025 | 6 replies
Also, managing the property as a rental could offer tax benefits.When purchasing, keep in mind condo association fees and maintenance costs.
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17 February 2025 | 3 replies
This increased this cost at closing.Additional closing costs fees - $3,737.88I share this to let beginners know that you need more than the down payment to close.
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2 February 2025 | 13 replies
@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.
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9 February 2025 | 3 replies
If you're dead set on that path then I would recommend getting a google meet with the person and give them as many advantages they have to using you as opposed to a property manager ex: guaranteed rent, more exposure, and less fees (use chat GPT to get a good list).I would emphasize the fact that it is much easier to get rent, and there is less risk to them in the sense of cash flow.
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19 February 2025 | 14 replies
With the hold periods on BRRRRs nowadays, your margins will get crushed with hard money interest payments/points/fees.
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29 January 2025 | 2 replies
Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.
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12 February 2025 | 8 replies
It may make less cash flow/ per month but in may cases in the long run after PM fees and Repair costs, many times it turns out similar.
8 February 2025 | 10 replies
I want to cancel TODAY and get a refund of the $390 + tax membership fee.