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9 February 2025 | 8 replies
Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?
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13 February 2025 | 4 replies
I spent months, no, years, reading books, buying No Money Down cassettes, (Carleton Sheets, anyone?)
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22 February 2025 | 9 replies
Management & Leasing FeesManagement Fee: 10% of the monthly rent = $180/monthLeasing Fee (Tenant Placement): 60% of one month’s rent = $1,080 (one-time)Lease Renewal Fee: $250 per lease renewalUpfront & Annual FeesOnboarding Fee: $350 (one-time for setting up the property)Annual Administrative Fee: $45 per year (for statements and 1099s)Reserve Fund Requirement: $300 (held for maintenance and expenses)Maintenance & RepairsOrdinary Maintenance: Any repair costs exceeding $300 require owner approval.Emergency Repairs: Up to $300 without prior approval; HVAC, plumbing, and electrical repairs can go up to $500 without approval.Home Warranty Claim Handling: $40 per claim (if applicable).Multiple Quotes Request Fee: $100 per request if you require multiple vendor quotes.HVAC Filter Supply Fee: $195 per year per HVAC unit.Repairs & Improvements: 10% markup over vendor invoice cost.Additional FeesInterest on Unpaid Sums: 10% late fee with a $39 minimum per month.Paper Check Administrative Fee: $20 per check if not using direct deposit.Insurance Documentation Penalty: $40 per month if proof of insurance is not provided.Eviction Protection Program (Optional): $15/monthProperty Damage Protection Program (Optional): $25/monthTermination FeesEarly Termination Fee: Equal to the management fees for the remaining lease term.Vacant Property Termination Fee: $500 if no tenant is in place.Transfer to Another Manager: $500 file transfer fee.
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22 February 2025 | 0 replies
However over the years any many upgrades this park generates over $10,000 today.
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14 February 2025 | 5 replies
Held for 1 year, completed updates, the property appraised enough to justify sale.
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7 February 2025 | 17 replies
PPMG claims "...an average length of stay of 5.3 years
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10 February 2025 | 3 replies
The only way I KNEW it was a good deal is I had been researching two areas for about a year.
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7 February 2025 | 14 replies
My goal this year is to go from analysis paralysis to taking action.
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17 February 2025 | 7 replies
I set my rent standards a little high and realized that rent is actually not that high.. we have a morgage on it and it looks like the house is selling for more than we originally paid 4 years ago.
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10 February 2025 | 1 reply
I've been researching and learning for several years.