
25 March 2024 | 7 replies
I'd highly recommend local meetups and talking to real estate agents.There are companies that offer help with the execution of rentals and BRRRRs, but this typically comes with a large chunk of upfront fees or cut in equity.

25 March 2024 | 11 replies
The #1 website that has been servicing the Mid-Term Rental and monthly stay market for over a decade is MonthlyRentalsByOwner.comThey don't charge service fees (like the big sites VRBO & AirBnB), plus you get immediate direct communication with the guest.They only charge an annual subscroption up-front of $173/year per property, and that also gets you posted as well to their Snowbird website for monthly renters, www.AmericanSnowbird.com - all included in that one annual fee.

25 March 2024 | 3 replies
No monthly fees.

25 March 2024 | 10 replies
On Bigger pockets we cant self promote ourselves (its against the rules)To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

25 March 2024 | 8 replies
Downside is HOA fees can increase at anytime or rules put in place you might object to or that don't fit your strategy.

25 March 2024 | 16 replies
@Eric AndrekopoulosHe could also sell them and not have to worry about if the borrower is paying or not - put the funds in a deferred sales trust and invest it in something less risky (not levered at 90% which is probably what it would be seller financed) and not pay ordinary income but have it taxed at qualified dividend.There is a reason why 99% of loans are originated by banks and not by sellers.

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.

24 March 2024 | 27 replies
Back in the day when I started flipping 18 years ago it was 70% of ARV minus repairs minus wholesale fee.

25 March 2024 | 7 replies
I've heard too many stories of borrowers getting hammered with extension fees because their projects took longer than expected.

25 March 2024 | 5 replies
When I took the early withdrawal of about $200k (about $130k after taxes and fees), the purchase projected to cash flowed $20k/yr at COE, and had a baked in value of an additional $100k above the asking price at COE.