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17 July 2018 | 14 replies
Lots of dumpsters and dump fees
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15 July 2018 | 8 replies
But since some things remain unresolved, I can't get into them for the time being.The short version, is that I had received only about 1-month notice to install a fire alarm system.
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29 June 2018 | 3 replies
Sale Price: $80KFinders fee: $$10KRepair Cost: $15KTotal expenses: $105KARV(based on comps): $160K - $215KI would really like to do this deal.
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29 June 2018 | 3 replies
There are endless ways to set this up, but the most common that I see is a 1-3% acquisition fee, 1-3% asset management fee, 6-9% preferred return and 60-80% of the ownership equity to the limited partners.
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6 July 2018 | 21 replies
took out the Managment fee and the lawn care.
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2 July 2018 | 12 replies
Also stay away from Cuyahoga and Cook counties, as the magistrates there highly favor borrowers and can really drag out the foreclosure process and rack up the legal fees.
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28 June 2018 | 11 replies
A buddy of mine in tech was telling me how he was playing with the idea of creating a solution to make the closing process even faster and reduce closing fees.
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5 July 2018 | 19 replies
It was fixed and just closed on 6/14/18 for $759,000.Breakdown/Deal Numbers:Acquisition Costs (AC): $525,000- Purchase Price: $510,000- Closing Costs: $15,000 (hard money points and fees based on $408,000 loan amount)Rehab Costs (RC): $80,000Monthly Mortgage costs: ($2890 per month for 6 months = $17,340)- Utilities: $600Selling Costs: 2.5% (as a Broker I listed the home myself and saved the other 2.5%) Sales Price (SP) $759,000 closed 6/14/18- Commissions to Selling Agent: $18,975-Selling costs (property taxes, title, escrow, etc) $8,000Total Net Profit: $109,085 – Taxes & Any Additional Selling Costs- $759,000(SP) - $26,975(SC) - $17,940(HC) - $80,000(RC) - $525,000(AC) = $109,085Before:After:Thank you for reading.
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1 July 2018 | 6 replies
What are typical fees for managing your larger property?
28 June 2018 | 2 replies
In my experience most brokers will release you if you are unhappy.There may be a fee.