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15 March 2024 | 117 replies
GAL fees can usually range from $750 to $1,500, depending on the county and who is appointed by the court.
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12 March 2024 | 168 replies
How did your lenders usually find you early on?
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12 March 2024 | 25 replies
The cable companies require you to pay extra for something that you probably don't even want, given that they provide no value and are also another clunky device requiring wiring, space etc.
13 March 2024 | 70 replies
The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.
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13 March 2024 | 26 replies
a less-experienced investor is more likely to be flexible with terms or want to come to them together. someone with more experience i'd think would already have a set of terms that works best for them and their deals. 8-12% annual interest seems to be the most common range. the security of lending to someone with more experience usually comes with a lower rate, vice versa. if you have someone you want to lend to, just ask!
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12 March 2024 | 8 replies
For instance, we'll usually go fro 75% of the cost plus rehab budget for a "newbie" to 90% for someone more experienced.
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11 March 2024 | 6 replies
Unbelievable • His insurance won’t cover because as it turns out commercial liability does not cover craftmanship defects they need E&O insurance for that, hard lesson learned, 95% of small contractors will not have E&O, it's an extra cost for them and only the larger construction companies carry it.
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13 March 2024 | 8 replies
Assignment fees usually come in between the spread of what you're going to get the property for, and what the end buyer is willing to pay.
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11 March 2024 | 0 replies
Are there any property management companies that would be willing to actually go out to the tenants residence before renting to them (of course I would be willing to pay extra for this.)
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13 March 2024 | 9 replies
Rent needs to be > 1% of the purchase price, it's usually still not good even when this is met though, this just tells me when to dig deeper on somethingYou should look into PadSplit, I live in one right nowGood luck!