Jackson Pontsler
Do Realtors care about wholesalers
27 December 2018 | 18 replies
Agents don't like to work with wholesalers because the nature of wholesaling is to get a property under contract for a price that leaves room for an end buyer to pay a wholesale fee, and also has some room for the end buyer to make some money in the deal.
Lesley Resnick
Looking for creative deal idea
1 November 2017 | 4 replies
Lenders are so efficient it is on the auction block where buyers have to pay 5% hammer fee to the firm and bank to acquire a property at market price.
William S.
My CapEx Projections on SFH (Based on Actual Numbers)
1 November 2017 | 0 replies
That falls right into line with some of the articles on here which suggested around $180/m per house.This house is in good condition and I still result with a fairly high budget.After all of my expenses (mortgage, taxes, insurance, maintenance, vacancy, pm, lease fee) I am left with a Net Cash Flow of $180/m.
Tyler Hiatt
What are you looking for in a Real Estate Agent?
4 November 2017 | 6 replies
I also want one who is willing (for a fee, of course), to complete the paperwork for me that the wholesaler won't, in order to finish my transaction.
Garrett Masiulis
Buy in personal name and transfer to LLC?
1 November 2017 | 1 reply
I think holding in your personal name with an umbrella policy may be similar risk wise to holding the property(ies) in an LLC but with perhaps lower overall costs after factoring minimum taxes and fees associated with an LLC.Perhaps an atty could tell you what the process would be for transferring properties into an LLC, but I don't imagine it would be difficult.
Chris Gilliland
New Landlord looking for tips and advice.
3 November 2017 | 11 replies
With your lease, make sure you have an early termination clause, pest control, pet fees, and the # and limitations, also I would recommend requiring renters insurance.
Brian Garrett
New investor needing rehab estimate advice
3 November 2017 | 33 replies
I'd suggest calling some contractors in your area and explain what you're trying to do and possibly trying to offer a small fee for houses that are not yet under contract in exchange for a estimate.
William Springer
First foray, insights welcome
13 November 2017 | 18 replies
Richmond VaI am thinking about hiring a property manager to collect the rent, and pay the HOA fees while depositing the remainder in a bank account for my mom and I to access.My working budget is $300k and I am looking to get a minimum of $1.5k-$2k per month in rents.Insights welcome
John Kim
Help with first mobile home park
12 August 2018 | 9 replies
$975,000 Asking Price 7/13/2017 $900,000 Asking Price 10/18/2017 $850,000 Asking Price Here are the numbers based on the agent ($9525/month rental income as of today):Total yearly rent (based on 24/39 lots rented): $114,300Expenses (agent estimate): $30,000Management fee: $19,200The agent said the current owner never kept good accounting and has had some trouble managing the park.
Brad Anderson
Financing options.. First property
1 November 2017 | 1 reply
(Located about 45 mins outside the GTA)1st Condo = $120,000 CAD 2nd Condo = $130,000 CADRent paid = 1000 1000Expenses Condo Fees = 290 290Property Tax= 100 109Mortgage = 540 590 Total = 930 990This is a basic cash flow for the 2 properties I put together quickly and I believe rent could be increased as basement apartments in the area go for 850-1100 and condo's go for around 1100-1400.