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31 March 2024 | 11 replies
And per definition, when someone becomes motivated they will take it upon themselves to find a solution to their problem, which is the entire premise behind motivation.
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30 March 2024 | 2 replies
I could get a 25k assignment fee .My question is do I try to go after these properties?
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30 March 2024 | 25 replies
Are you looking for $100 per year?
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30 March 2024 | 2 replies
I financed this deal with a hard/private money loan that was at 90% of purchase and no points, no appraisal, no fees, with a 14% interest rate.
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30 March 2024 | 10 replies
You could theoretically create an LLC to provide property management functions on behalf of the 10 property portfolio and have a management contract between each property LLC and the management company where you will use management fees to cover the salary of the property managment staff member.
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30 March 2024 | 8 replies
It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.
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30 March 2024 | 10 replies
There are procedures for each of them.Also, make you read up on all of the requirements as there a limitations on screening fees, rent to income ratio, when and how you disclose your screening criteria, etc.
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30 March 2024 | 5 replies
We take our monthly management fees (and any other expenses that occurred) out of the rents, then make the monthly distribution to the owner.
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30 March 2024 | 12 replies
Always check your state laws and lease for scenarios: if unit becomes uninhabitable.Option 1: Renter's should have rental insurance which would cover this.Option 2: Have them pay the contracted amount and provide a receipt for hotel, however I would also review local per diem rates and provide guidance on their budget.Hoping for a smooth project for you.
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29 March 2024 | 25 replies
This took me less than 10 minutes.