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11 January 2025 | 9 replies
Quote from @James Hampton: How about a quick check before you have to charge a screening fee?
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23 January 2025 | 15 replies
If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shingles8.
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1 February 2025 | 16 replies
You open yourself to much more risk in not being able to finance out of it and being stuck with hard money and those fees/penalties.
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4 February 2025 | 6 replies
This is their full time job and they collect a fee but are still able to pass along strong deals to end buyers.
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7 February 2025 | 40 replies
How much of a credit do they offer at closing to cover the servicing fee?
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10 February 2025 | 5 replies
Also never pay any upfront fees and go with a trusted lender who closes through a title company.
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1 February 2025 | 9 replies
Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.
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4 February 2025 | 7 replies
Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.A couple of things I’d love your input on:Do you think it’s worth getting another quote from a different GC?
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11 February 2025 | 11 replies
Yea give her the advance notice, maybe she pays and you save on the eviction fees.