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1 October 2021 | 1 reply
It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.
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18 October 2021 | 3 replies
@Nick Louie You can try to negotiate any terms you want, but don't be surprised if the seller thinks your offer isn't worth the extra hassle and backs out.In my opinion, you're better off asking for the standard "broom clean" and factoring in the cost for a professional deep cleaning.In a hot seller's market, your strategy should be to be as pleasant and cooperative as possible.
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30 September 2021 | 4 replies
It ends up just being an extra step in the loan approval process but we are good customers with a healthy deposit relationship.
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3 October 2021 | 24 replies
Only thing extra I'll add is that the "buy more real estate, get more deals, get more in debt!"
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5 October 2021 | 10 replies
We've found that the extra cost is well worth it, over the long run.
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4 October 2021 | 8 replies
LLCs have expenses associated with them (which depending on the state can include annual filing expenses, and filing fees for holding properties in other states, etc), but for just getting started or owning a small number of properties , you likely do just as well to just have some extra umbrella liability insurance.
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18 October 2021 | 48 replies
Instead of ruing the extra work that Section 8 now entails, you might instead train one or two employees (if you have employees) to specialize in Section 8, then market that service to other LLs in Colorado that have the same gripes as you but don't want to put in the legwork to make it work.
30 September 2021 | 3 replies
@Milena Blanch if you are good living in one of the units this will give you the ability to put less down, and use the extra money for another property either SFR or another small multifamily while you are living in the first one.
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1 October 2021 | 4 replies
If the home is more than your eligibility, you'll have to cover the extra cost.
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1 October 2021 | 13 replies
Hustle with a side job and earn some extra money.