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26 October 2018 | 2 replies
Does this type of fee seem reasonable or negotiable?
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26 October 2018 | 14 replies
That's usually a discounted price to attract buyers.Two, a shortsale means that the owner owes more on their mortgage, plus penalties and fees than the house is worth.
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1 November 2018 | 4 replies
Hi all need help.. i live in NJ but i am hearing i will get more protection if i create my llc in a state like Nevada and just register in nj as a foreign entity, which i believe will cost more since i now have to pay two states fee.
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26 October 2018 | 9 replies
Of those that stick around, 80% of them only sell 20% of the homes and the average income for an agent is less than the average income in America...and that's before deducting expenses like fuel, marketing, office fees, licensing fees, board fees, etc.
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8 January 2019 | 9 replies
I know a lot of people just add an expense to the tenant's lease stating, for example, $30 added fee/month for water.
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29 October 2018 | 1 reply
Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!
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26 October 2018 | 3 replies
It could be legit, but I would be surprised if the don't have some crazy fees.
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2 February 2019 | 18 replies
NAR/CAR ethics stipulate 'Seller is Agent' disclosure in writing on the MLS etc at time of listing because even if Seller is not the Listing Agent, licensed seller/owner may expect and/or receive compensation (ie, gift, referral fee, portion of listing agent's compensation, etc).Thus licensed seller is inherently not strictly limited to being a principal in the transaction, so would have had to disclose seller is licensed agent.
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11 November 2018 | 2 replies
I know a few that could really have great cash flow potential even with the Lease Rent & HOA fees
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30 October 2018 | 12 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.