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25 March 2024 | 13 replies
Newer brokerage policies in our mls have more clearly separated listing and buyer broker fees, so you can likely interview nearby buyer brokers who will provide the service for a set cost or possibly work with you to represent you on an agreed upon sales commission where if seller doesn’t offer to cover it, there’s a minimum you’ve agreed to pay to broker on any purchases that are realized through their service.
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25 March 2024 | 2 replies
Or there may already be an assumption of debt component (It's generally non-recourse) as you'd see in a DST.A second option would be to use a zero coupon DST to absorb the debt in your 1031 along with 18-20% of your proceeds.
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25 March 2024 | 0 replies
I am co-owner of a company that provides EMD Lending services to wholesalers.
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25 March 2024 | 6 replies
Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.
23 March 2024 | 3 replies
Hello everyone,I have reviewed a CAR property management contract with a company and they have 5% written in the line that states “ an overhead and service fee added to the cost of all work performed by, or at the direction of, property manager”.
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25 March 2024 | 26 replies
I made a comment on Bigger Pockets about how they make you search through the forums, instead of doing this, and their answer was to simply say it wasn't their responsibility to provide such a service.
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25 March 2024 | 7 replies
Here is how most work:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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25 March 2024 | 7 replies
Make sure the rehab budget is non-dutch, so you are not paying interest on it until you begin to use it.
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25 March 2024 | 52 replies
From my research, these turn-key STR management companies provide this full turn-key service for 20% - 30% of all the bookings.
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25 March 2024 | 11 replies
Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.