I was told I still had the option to initiate a transfer, however, I would have to pay the 3% transfer fee and pay the variable 14-24% interest rate while funds were in use…Just like that, 40k of capital to go out and buy assets and get them to cashflow……gone.As a value-add real estate entrepreneur, I understand with every challenge encountered, there is a lesson to be learned and an opportunity to evolve.

I think they have a minimum of $35 fee just to show up. 

Don’t forget to deduct the 6-12% in fees.

A spoke to a lot of property managers before going with the one I have and most of them had random little fees they charged for different things.

How can I receive rent payments with no fees involved?

Origination Charges $0.00 01% of Loan Amount (Points) 02 Application Fee 03 Mortgage Broker Fee 04 Origination Fee 05 Processing Fee 06 Underwriting Fee B.

There are lots of lenders that do these so I would just make sure you aren't paying a ton of points and that the fees are in line with other lenders.

You definitely don't want to be paying a monthly fee or a % transaction fee when you are initially just looking to buy properties for yourself.  

You'll get a little chunk eaten up in refinancing fees, and such as well. 

Those are all just examples, but you can see how that debt service number could vary greatly between a 30yr mortgage at 5% and a hard money loan that may be 12% interest only with 1-4% fee up front.