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Results (10,000+)
Daniel Johnson How to keep track of finances on multiple flips?
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. 
Rodney Weary Buying Performing Mortgage Notes
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.
Aaron J. Government Lending Rules vs. Bank Policy?
30 August 2016 | 6 replies
Doesn't that mean more fees
Jaime Botello Crowd Funding
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.  
Jamie Gruber Analysis on a 4-plex - First Potential Deal - would love feedback
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. 
Sylvia Olivares Selling Mobile Home in Pharr, TX
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.
Louis Mannikko Using 401(K) Loan to finance first property
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.
Julie L. Where is your solo 401K and what are the associated fees
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
Ishmael Brassard Investor from Venice California
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?
Paula Gayle Decision Regarding Forming a Legal Business Entity
4 September 2016 | 8 replies
Commercial loans have higher rates, shorter terms and higher fees