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1 July 2018 | 4 replies
Usually for the buyer this includes, property taxes, insurance, title company fees, and lender origination fees.I’m not a huge fan of using percentages to estimate these costs.
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3 July 2018 | 8 replies
If you sell for 300k, you could deduct re fees, title, escrow, etc.
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1 July 2018 | 2 replies
With 1 month fee of your rent portion and provided the new tenant passes our screening process” (credit and background checks, employment and pay stub verification etc.).
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4 February 2019 | 6 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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15 July 2018 | 3 replies
It's a $30 dollar entrance fee, but it will allow you meet multiple individuals who mentor in varying areas of real estate, as well as get known in a group of active investors.
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1 July 2018 | 4 replies
I.e. if they try paying after the 5th & they only deposit the rent with no late fee.
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1 July 2018 | 0 replies
Purchase price $ 510,000 Purchase Closing Costs 10,200 Estimated Rehab Costs 5,000 Total Project Costs 525,200 Downpayment (36.9%) 188,000 Loan Amount 322,000 Loan Interest Rate 5.250% Total Cash Needed 203,200 Gross Rents 61,440 Monthly Rental Income 5,120 Expenses Advertising 25 Gardening 66 Insurance 250 Management Fee 512 Pest Control 50 Property Tax 638 CapExpense 512 Security System 280 Vacancy 512 Total Monthly Expenses (55.6%) 2,845 Monthly P&I 1,778 Total Cash Flow 497 Performance Metrics Monthly Cash Flow $497 Cash on Cash Return (ROI) 3.17% DSCR 1.28 Purchase Cap Rate 5.35% Proforma Cap Rate 5.20% 1% Rule 0.97%
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11 July 2018 | 6 replies
I'm working on building my network as well, so please fee free to shot me line.
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28 February 2019 | 22 replies
I charge an hourly fee for late check-out (or early check-in) and set the maximum at 2 hours.
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3 July 2018 | 20 replies
I used to charge $300 PET FEE for new tenants.