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4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.
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19 February 2017 | 15 replies
@Jay RaughtIf I received 2 mil in NPN an option could be to sell that to a NPN specialist and take a referral fee.
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30 August 2016 | 6 replies
Doesn't that mean more fees ?
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29 August 2016 | 1 reply
Most typically the managers are charging fees for the management, but they may also share in the investment themselves be it debt (loan)or equity.
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29 August 2016 | 2 replies
My thinking, however, is the management fee would be cash flow for now since I plan to self manage, rents will be corrected and increased by $300/month total making for a likely potential of $530 in cash flow.
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5 September 2016 | 7 replies
If you get a good down payment finance at 8%, if they put 10k and under do 9.9% and then put it with a loan servicer and have them pay the servicing fee ($15-30/mo) and you get mailbox money.
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7 September 2016 | 19 replies
I can't get that return anywhere for a 6-9 month timeframe, and would more than cover any fees or tax concerns.The biggest risk I see is that if there is a job loss, the loan is considered a distribution and you need to pay tax and a penalty on the money.
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29 August 2016 | 1 reply
I'm curious about what others are paying for the service of setting up a 401K and what level of service is provided for that fee.
30 August 2016 | 5 replies
Do you have any suggestions on how to educate myself before jumping in to purchase something and then being hit with fees or extra expenses I'm not prepared for?
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4 September 2016 | 8 replies
Commercial loans have higher rates, shorter terms and higher fees.