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28 January 2025 | 48 replies
@Shiloh Lundahl Awesome, thank you ok so having that 10-20k as a buy in is important, to first getting into it.... it helps get those first deals started.... just as an aside : I am also just starting out doing finder's fee methods - with tax foreclosure overages refunds, and assett recovery / state funds refunds... so I think those can help me to get that intial 10-20,000.... it might take me some months, but I think I can get there.... that's my initial plan, at leastAnd if I can get that saved up, then that will help me break into deals....
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2 January 2025 | 2 replies
If you were only going to net 10k and the fees male you a lose then it was never a good deal.If you keep project costs less than 72.5% of the ARV then no lending can screw you.
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9 January 2025 | 46 replies
All fixed fee with out of scope offerings as well.
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26 January 2025 | 24 replies
You will likely lose 2~4 months worth of rents + court fee.
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7 January 2025 | 3 replies
State taxes may also apply.To minimize taxes, aim to reinvest the full proceeds into the replacement property, including closing costs and fees.
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6 January 2025 | 8 replies
Also, the fees plus being a forced buyer with a deadline on a 1031 exchange may negate the small tax savings.
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7 January 2025 | 27 replies
Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.
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2 February 2025 | 14 replies
Are most of those gurus just selling courses/cutting a fee on top of an agent?
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15 January 2025 | 18 replies
-OOS investors rely on service providers like agents and PMs and think they're guaranteed an outcome instead of just paying a fee for a service.
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2 January 2025 | 29 replies
We have a ongoing list of each along with their fees and what state they are licensed to collect debt in.