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16 July 2018 | 2 replies
In order to get positive cash flow, I'd have to stretch the rent amount just to break even.Another financing option would be to re-fi the condo again, basically re-finance remaining $66,000 amount with 20% down @ 5% on a 30-yr fixed:Rent Summary: I'd have to re-fi & put 20% down in order to have good CoC return (down payment + improvements + agent fee + closing costs), as well as a positive, somewhat plausible cash flow.
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7 September 2018 | 11 replies
I am not going to go through a lawyer, the rent is not much, so its not worth trying to drag them to court or collect back rent, and it would cost me more in attorney's fee's than it's worth.
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12 July 2018 | 4 replies
I know a good baseline in determining your MAO is by using the formula MAO = (ARV x Investor Discount) - Repairs -Closing Cost - Assignment Fee.
17 July 2018 | 12 replies
You have to pay the monthly subscription service per Company you set up.
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15 July 2018 | 2 replies
Also, if I have enough room in my deal to pay a real estate agent to help me close, I will pay them a set fee to help me close on the property.
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18 August 2018 | 13 replies
1.Ask for a copy of their standard seller side and buyer side closing documents2.Ask if they close any non-traditional type transactions you intend to use.3.Ask for a copy of their standard fees, and if title policy rates are not set by a governing body4.Ask about insurance premium rates.5.I would ask them if they are investor friendly.6.If they double close and if what do they, ask what do they charge for the 2nd close?
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17 July 2018 | 8 replies
I even thought I ask the agent for the fee and I suppose we had a miscommunication somehow about the fee.
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19 July 2018 | 8 replies
I think the cost/fees associated with becoming a real estate agent will be worth it for access to MLS and just to have a better idea of the local market.
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17 July 2018 | 38 replies
In my experience, most of the time when people ask me if I am the owner/landlord/property manager, they usually have pretty bad financial situation, and often time they were already rejected by the large complexes, so now they are taking their chances with the" operator owners" , and they are hoping/praying that they will not get another rejection for their application fees.
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22 August 2018 | 4 replies
-I could simply charge a flat fee for each of the services I provide (10% management fee, couple hundred bucks for the finding of the place and a couple hundred more for closing the deal, etc)Has anyone out there been in this kind of spot?