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18 April 2024 | 12 replies
More details/example fees: Management Fee: 10% of gross rent collected, $50 minimum per unit.Leasing: One full month’s rent upon execution of a leaseOther: 10% will be added to each invoice for any repairs, maintenance, improvements, landscaping, and snowremoval for the Property 50% of late fees collected $50 lease Renewal Fee $50 per utility turn on $25 posting 3 day notice $100 per court appearance witness fee $50 tenant removal with bailiff or police $50 to meet inspectors for housing voucher programs, occupancy certifications, and/or POS or rentalinspections Broker may charge to offset Broker expenses for postage, key copies and other misc. expenses $100 set up fee $120 annual consortium fee ($60 March 1st, $60 Sept 1St)Given all this, how do I input it when I'm making calculations for a potential investment (do I put this in as >10% like 12%, 15% or 20%?
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17 April 2024 | 2 replies
Between the Airbnb and the house, the potential rental could be $4,500.
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15 April 2024 | 3 replies
I have a call with a potential wholesaler tomorrow and I want to know what questions I should ask to vet him and other wholesalers to make sure they are high-quality wholesalers.
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16 April 2024 | 1 reply
These platforms allow you to list your camping sites and manage bookings, providing exposure to potential campers.Liability and Insurance: Before proceeding, consult with a local attorney or insurance agent to understand your liability exposure and ensure you have adequate insurance coverage.
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17 April 2024 | 0 replies
There will also be a form for potential leads to enter their information for you to reach back out to them.
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17 April 2024 | 2 replies
But even with a 35% downpayment it’s difficult to find properties that yield positive cash flow.We strongly belief in the potential for appreciation in this area.
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15 April 2024 | 6 replies
You can be hit with lots of special assessments.
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17 April 2024 | 13 replies
This, with the addition of a second commission AND the potential of a passive downline, is what made me get excited about this product to begin with.
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17 April 2024 | 10 replies
Cash offers lower costs and control but limits diversification and potential returns while financing allows you to scale faster with more properties, but increases complexity and risk.
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17 April 2024 | 13 replies
@Joseph Hammel,With Solo 401k there are two way to contribute: elective deferrals (which is $20,500 for this year) + profit sharing of potentially another $40K, but it is not a match but rather based on the percentage of your net SE income.