Could that possibly be your net income after fees and such?

I also filled out the contract to minimize the fee, and we reviewed it together.

For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

They like that.My super duper, proprietary "Quick Calc Pro" spreadsheet tells me in minutes what price I can pay for the property, what my cash flow will be, what my entry fee is, how much I can wholesale or fix & flip it for, how much to give the seller, and a ton of other items that only someone deranged and experienced would care to know.

I unfortunately basically had to switch to desktop to use the software. 4) Tenants have to pay a $1 transfer fee to pay through RentRedi.

@Frank HinckI’m trying to understand the cost of fees, interest, points, as well as holding cost associated to the deal.

Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.

.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

I would see what the potential fees would be for refinancing though.