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24 April 2024 | 18 replies
@Patrick HancockLLC's are not free and there are costs associated with LLC1) Formation costs - potential attorney fees and setup fees with the state2) Registered agent fees if the LLC is not in the state that you operate out of3) Annual fees to keep LLC active4) Bank feesThere are also additional administrative burdens with having so many LLC's.
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25 April 2024 | 4 replies
Most work this way 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 April 2024 | 11 replies
She found us a home that hit our specs (including a wonderful landlord allowing us to sublease) and charged us a finder’s fee of an entire month’s rent (18k).
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24 April 2024 | 3 replies
The property doesn't work with PM - but I'm 20 minutes away so was intending to self-manage.
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25 April 2024 | 6 replies
I see that HUD has historical data per zip code here (40th percentile of the rent prices in the area used for section 8):https://www.huduser.gov/portal/datasets/fmr/smallarea/index....I'm not sure how accurate is their data in some of the zip codes.Here data data is broken down by bedroom count so you can get and idea if it's a house or an apartment depending on the area and room count.Zillow data is limited depending on the zip code.
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22 April 2024 | 0 replies
Purchase price: $1,345,000 Cash invested: $500,000 Sale price: $1,825,000 The sale now holds the Bridgeport, CT record for the highest price per unit in a sale at $228,125 per unit.
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22 April 2024 | 0 replies
It strategically aligned with long-term capital gains, resulting in over 18% returns for Limited Partners over a 12-month period.The sale now holds the Bridgeport, CT record for the highest price per unit in a sale at $228,125 per unit.
25 April 2024 | 60 replies
We have built into the lease that if they ignore us and do not sign than the increase is automatically but into effect AND there is a $100 fee for each month that they do not sign.
25 April 2024 | 0 replies
$650 per unit.
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26 April 2024 | 14 replies
Florida has been top of our list to invest in, however with what is happening with HOA fees climbing, insurance increasing and the new legislation for condo taking effect in 2025 we are going to sit back and watch for a bit.We live in Calgary and have been looking at Arizona and Montana as well, Montana is close for us.Sharing your contacts would be greatly appreciated.Thanks for the help