Also the original promissory notes too.

Purchase price: $220,000 Cash invested: $51,000 A 1920 brick rowhouse with original hardwood features (flooring, princess archways).

These mortgage loan originators, originated a whopping 70% of mortgages in 2023!

That being said, it has been my experience that there are a lot of extra fees that are piled onto the Loan Estimate and they tend to have a higher rate to recoup more $$$.

Originally posted by @Lindsey Bodner:Hi all.

Purchase price: $220,000 Cash invested: $51,000 A 1920 brick rowhouse with original hardwood features (flooring, princess archways).

They can stack even more fees into the Loan Estimate and jack up the rate to make even more in back points.

When cash buyer closes the original seller gets paid and the wholesaler is paid the spread between what they bought and sold for.

Is this issue that there is not enough room in your deals to pay the property management fees and still turn a profit?

Here's a summary of what they've offered:- Monthly PM Fee: 8%- Markup Fee: 15% on top of bills for services like fridge setup, applicable to any expense over $300.- Late Fees: They retain 8% of any late fees collected.- Initial Setup Fee: $300.- New Lease Fee: $275, but no fees for lease renewals.- Maintenance: They offer minor maintenance in-house, with the markup fee applying to expenses over $300.Do these terms seem reasonable to you?