5 January 2020 | 23 replies
Notary Fee Free or limited by statute, $ 15 for e-recordings.My point here is regardless of who chooses the title company, IF the fees are higher then what other title companies charge, buyers should dispute the fees.In your case, since you are paying for the Owner and Lender title policy premiums, you should take this sheet, ask other title companies to beat it and if they can, tell builder that you have a new title company.Finally, I usually recommend that my Clients go with the builder's approved lenders if it is actually a good deal for them and they are not overcharged elsewhere.I'v had several experiences where the buyer's lender, unfamiliar with the builder, end of demanding to see the builder's financials/evidence they can complete the project and the builder absolutely refuses, causing an obstacle to obtaining loan approval.Good luck.
9 December 2019 | 12 replies
When ignored over time, they snowball and can be an absolute money pit while you try to catch up.
6 May 2020 | 7 replies
Our property has increased in value by $60,000 over that time by doing absolutely no work to the house.
9 November 2017 | 7 replies
In my experience, the absolute best way to learn rehab cost estimation is to actually flip a house.
14 December 2017 | 77 replies
My immediate absolutely non-professional non-expert answer to your problem is it is overpriced.
2 December 2022 | 72 replies
I actually wholesaled a house this morning for $1,500 only because I absolutely do not want to get into another rehab.
18 December 2017 | 4 replies
Hey @Aaron McKenzie I think if you changed your monthly property management estimate to 10% and still got over $100/mo in positive cashflow doing a BRRRR where you pulled all of your cash out it would absolutely NOT be foolish!
17 January 2018 | 21 replies
@Andrew Faukner your absolutely right.
10 January 2018 | 14 replies
absolutely @Treivor Cashion. just hit me up when you find that opportunity!
2 October 2017 | 7 replies
People that believe increasing their cash down increases cash flow or makes a deal better have absolutely no idea of the value of cash and should be avoided at all cost.In the truest scenes of income property investing a property that does not have positive cash flow with a hypothetical 100% leverage will never have true positive cash flow.The reason for this, and the reality that many investors "choose" to ignore, is that every property actually has two income streams.