I have heard that it is common practice that private money lenders collect a monthly fee thru various methods, I'm trying to determine what those methods are.   

Jenna, Findlay can be a fantastic spot for buy and hold investors.. especially if you’re after dependable cash flow in a smaller market.

There are several different methods you can use.

But this method forces you to pay down your loans faster while still giving you access to cash when you need it.But it's FANTASTIC for real estate investors. 

My experience with friends/some clients is get their numbers via whatever method you can and reach out via the phone.

It’s fantastic to see you, Adrian.. looking forward to hearing more about your goals!

@Cheng ChuMcKinney is a fantastic market with strong population growth, and it’s a great choice for single-family home (SFH) investments.

I'm eager to learn the ropes, connect with experienced investors, and contribute to this fantastic community.A little about me:- Location: Bellevue , PA-Focus: Real estate wholesaling, with a long-term goal of building a portfolio of rental properties.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

Podcasts and books are another fantastic way to get some knowledge in and help understanding the basics.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.