They charge anywhere from 1,500 - 3,000 to form an entity, and more than likely they will not suggest anything that you have not come across in your research.

Banks Probate Course for $300.Well worth the price...not the 6k he used to charge for the same info.....they even had a payment plan for 6 months.

The charges are pretty steep and include both a one time charge (thousands) and a monthly charge (hundreds).

I'm considering whether it would be worth having a website to attract customers for entry only agreements (charging a flat fee to list properties on MLS).

You'll essentialy be paying interest on your own money, so you'd better be sure if you refinance it's to invest the money in something that does much better than the interest the bank charges you on this $$$.

Rental Income is $875-$925 per side/per month (we listed the low end) Gross rents $1750 Taxes $222 Insurance $82 Management $140 (Original placement fees paid for, no other charges) Repairs $0 (It is new with builder warranty) Utilities $0 (Tenants pay all as wriiten in contract) Maintenance $0 (Tenants pay all as written in contract) Vacancy $0 (we have a variety of new tenants to choose from) Vacancy $105 (Lets put 6% in there anyways to satisfy you) Administration Costs $0 (Management handles everything for their 8% monthly fee) Total Expenses $549 (should be $540 assuming the 6% vacancy reduce management fees, which is why I take vacancy out first as it Does affect the OE) NOI = $1210 Debt Service = $906 Cash Flow with vacancy assumption = $304 ($152 per door)I think that speaks volumes about how you calculate cash flow.

Personally (and I think a lot of people here would agree), a return like that isn't worth the effort of having to manage the property (you could get a slightly smaller return from a savings account), and the big risk is if you have any deferred maintenance or unexpected expenses, at which point you could easily go cash flow negative.While I've seen a lot worse deals asked about on this forum, this one isn't particularly great...especially in this market where great deals are available on every corner.

Well first of all, at least in my state it's not legal for someone to charge you a percentage of the deal for their services unless they are a licensed realtor.

I always thought you would just charge the assignment fee and that would be your pay.

They certainly felt he was knowledgeable and passed the "smell" test.I'm sick of going to real estate investment club meetings where gurus who look like contractors are charging newbies for know how about real estate.