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5 October 2016 | 8 replies
I'd recommend determining your true return on your existing house, including $1,700 rent, less vacancy, management fees (should include whether you self-manage or not), taxes (will increase in SC more than your calculation), insurance as a rental, maintenance and cap ex (often ignored or under-estimated).
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7 October 2016 | 4 replies
Also, keep in mind the funding fee that will be added to the loan when running your numbers.
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4 October 2016 | 0 replies
Vacancy happens...well that's great for PM who make money by turning over the property, lease up fees, etc.
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5 October 2016 | 0 replies
I would like to find a stable source of financing that costs about 4-6% inclusive of fees.
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7 October 2016 | 4 replies
Typically wholesalers like their title company as they can control when the closing is and make sure everything is done properly related to wholesale fees etc.
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6 October 2016 | 4 replies
In the case of realtors, I think it's mostly newbies who complain about agents and fees.
6 October 2019 | 37 replies
There is a cleaning fee included that pays for the house cleaning.I use a lock box for the key.I have wifi thermostats so I can save on the electric bill when no one is there.
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6 October 2016 | 9 replies
Purchase data:Asking price: $85,000My offer price: $73,500ARV: (per Redfin sold data) ±$110,000 Rehab: guessing around $10,000Closing/inspection, etc: $650 (i have no clue on this number)Holding Costs: $1,147 assuming about 2 months for rehabCash Purchase - all in for $85,297Income data:Rent: $1,050 per month (from zillow area rent data)Expenses (monthly):HOA: $17Insurance: $60Taxes: $166.67Vacancy: $52.50Repairs/maint: $52.50CapEx: $105.00Property Management: $105.00Total: $558.67NOI: $491.33 ($5,896 annual)Refinance:LTV: 75% of ARVLoan amount: $82,500 @3.75% for 30 years (estimated)Payment: $382.07Refi fees: $2,500 (assumed)Total cash invested post refi: $5,297.33 ( I'm not sure if i calculated this number correctly, any input would help me greatly!!)
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2 February 2017 | 9 replies
Cannot imagine changing the names and setting up accounts (most with first timer fees) for students every year, or in some cases 8 months.
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30 March 2018 | 12 replies
We get a fee if it sells to the bank we get a commission if it sells to you.