Jason Alexander
Don’t know where to start with hard money lenders
3 May 2018 | 3 replies
Points charged on loans (% paid up front at closing, basically an origination fee) and interest rate..usually closer to 12% when you're starting out.Payment schedule - most will expect monthly interest only payments, but some will let it accrue and settle up at closing.Minimum loan amounts - if they only loan in amounts of $200k and up, then you're wasting your time shopping for $150k properties.Doc prep charges and other hidden fees (preparing the mortgage and note is a necessity and you'll have to pay for that, but watch out for other hidden fees).
Edward Burke
Cash Tenant, No E-mail (Crazy...)! Rent payment options help!
6 May 2018 | 55 replies
But direct deposit or something into a business account is still an option or money order but risky of a fake one and you getting stuck with the charges.
Zachary Jensen
Utah House Hack cost estimate
8 July 2018 | 6 replies
Had trouble finding decent tenants who can get through the application process and will stay for a full lease term.
Phil Hartten
Do you think Flipping is to costly in Naples area?
8 May 2018 | 0 replies
Then I compare that sq ft to my intended and figure the buy price plus fix and carrying charges and come up with a probable profit.
Jason Howell
ARV slows down deal analysis... right?
11 May 2018 | 20 replies
I felt if I used a Mathematical Example, my Post would make more sense and provide Real World Application by tying my words with numbers.
Kimberly M.
How much over market rent should Landlord charge college student?
11 May 2018 | 2 replies
I own a SFH that is not in a college town. Current market rent is $1750 a month and I'm currently looking for a tenant. Yesterday 3 college students wanted to apply to rent this 4 bed/2 bath SFH. I'm certain I can w...
Kate Danese
keeping track of expenses and staying on budget
10 May 2018 | 1 reply
So only QuickBooks Online and Wave have these 2 features.Since QuickBooks Online charges a minimum of $15/month, I decided to go with Wave since it is completely Free.The feature I miss is the Projects Tracking (tracking expenses in each project), which is only available in QuickBooks Online Plus for $50/month.
Jeremy Woods
1031 Company that allows for rehab cost
8 May 2018 | 0 replies
Does anyone have or know of a company that doesn’t charge an arm and a leg that can do a 1031 that will allow for rehab cost?
Brad Pietrzak
buying small first then upgrading question
8 May 2018 | 3 replies
You get the tax benefits of the mortgage interest and should be able to easily beat the 5% or so mortgage interest rate you'll be charged. 3.
Shelly Shanks
Need help taking the leap!
8 May 2018 | 5 replies
@Shelly Shanks For buy and hold the formula is relatively simpleAnnually:(Monthly rent x 12)- property taxes - insurance -property management fees - HOA fees if applicable - budgeted maintenance and repairs- expected vacancy - loan payments.This will give you your annual cash flow.