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11 March 2024 | 17 replies
Have you run all your numbers, with gross rents for 8 months a year, minus all expenses, minus a big property management fee of 30% (and they should never charge for owner blocked time unless you are asking for cleaning, services,etc.)
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10 March 2024 | 15 replies
Next it will all come down to the numbers for the deal to really confirm 80%-90% LTC/LTV on purchase, 100% of rehab (funded in draws) not to exceed 65-75% ARV (depending on the lender, most are 70-75% ARV) Kiavi is a great lender, but it comes at no surprise as their internal credit analysis throws me for a loop sometimes (and shocks me, as very qualified borrowers sometimes still don't make it through that analysis)In short, you simply need to connect with the right lenders and each will have varying rates, costs, fees, etcBill Fay referenced the Hard Money Lenders link here on BP which is a great direct resource!
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11 March 2024 | 7 replies
PMs cost in so many ways more than just their mgt fee.
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11 March 2024 | 25 replies
It's not 2021 any more, at this point most things you can make up out of thin air, some lender will do.The question is if you want to pay the corresponding rates and fees....
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11 March 2024 | 3 replies
The HOA fee in here along with insurance costs and the recent decline in overall traffic may not make it profitable.
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11 March 2024 | 3 replies
In our discussion I mentioned how much these mentorships resembled multi level marketing, a comparison she disagreed with completely.
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12 March 2024 | 17 replies
I would ask them to give me partial information atleast that does not include their information until after they sign the lease and they collect the leasing fee after which you should get all the information.
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11 March 2024 | 3 replies
They are also likely to have more fees (desk fees, floor duty, broker keeps a bigger portion of commissions, etc.).
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11 March 2024 | 10 replies
No lawyer...I want to know items like:RE commisiion including buyer's agent commissionAny agency fee?
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11 March 2024 | 10 replies
Hey @Seallington Touch, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.