28 October 2008 | 12 replies
Nevertheless, make your offer based on actual rents.In addition to the items you mention, you'll need to account for vacancies, management expenses, advertising, utilities in vacant units, evictions, legal fees, tenant damage, make ready costs between tenants, etc...
21 October 2008 | 9 replies
You get permission to market the property, but you act as a principal in the transaction, you lease option, then you assign the deal.You are upfront with the seller, very transparent about your profit.You add your assignment fee to the exercise price.Once you assign & get the fee, you are out of it.All the risk is on the Seller.Challenge here: Getting Tenant Buyers Fee: Cash plus 12 month note most of the time.Positives: No guaranteeing anything, e.g. minor maintenance paid, rents paid.Negatives: No back end when TBer gets funded.
20 October 2008 | 0 replies
I seem to be reading in some places where the middle man doesn't even sign that first contract - it's between the seller and the end buyer, and the investor (or whatever you want to call the middle man), gets put down as a "line item" and gets an "assignment fee."
14 December 2008 | 14 replies
I just called and asked, do you market/advertise other peoples properties whats the fee?
6 November 2008 | 8 replies
AoC: This contract MUST stipulate the fee you are charging the investor for the right to fulfill the obligations of the original PSA.
13 February 2009 | 10 replies
Hi Tim, you want to make sure that your postcard tells the seller what you can do for them i.e. no realtor fees/commissions, no closing costs, we will purchase your house in "as is" condition.We have had great success using mail merge on our postcards.
25 October 2008 | 3 replies
I don't mind outsourcing these, but that too can get expensive if you're working with a short sale company that does not guarantee that they will close the deals but requires an up front fee.
26 October 2008 | 6 replies
get paid as a leasing agent on the 1st half of the deal when the house closes you get paid as a sales agent on closing minus the leasing fee I have done deels this way as an owner and is the only way a owner should agree to
3 November 2008 | 7 replies
BTW: the money we keep as the LLC is a fee for finding the property.
28 October 2008 | 8 replies
You would still have to cover any vacancies, interior maintenance, make ready costs, utilities while vacant, legal fees, evictions, advertising, etc.