Jeremy Climie
Charged both facilitation fee and commission for sale in Georgia
29 November 2017 | 2 replies
The settlement statement includes:- facilitation fee - $3,750- commission to 1st agent - $1,250- commission to 2nd agent - $3,675Am I meant to be charged both facilitation fee and commissions?
Account Closed
bringing a buyer with you on your appointment
4 December 2017 | 18 replies
Unless you have an arrangement with the buyer for a flat fee or assignment I am not sure how you can run your negotiations with the seller with your end buyer present.I recommend involving the buyer once you have the property under contract or there is nothing to stop them cutting you out of the deal.
Josh Meylor
Cheap or free CRM for new agents?
15 December 2017 | 5 replies
Some broker will offer as part of desk fee.
Cody Z.
LF RE lawyer recommendations in Central/North NJ/ Advice
2 December 2017 | 2 replies
I am currently putting in offers on properties and am looking to have an attorney ready for the attorney review process.Also, for the BP lawyer folks, how do you typically handle fees when a deal falls through?
Mike Schultz
New member living in Oakland, California looking to connect!
1 December 2017 | 5 replies
Now you've got the SEC on your back...You need to get your business structure, paperwork and processes looked at carefully by a good real estate and business attorney... and get ahead of this.. before you're paying big fee's on defense attorneys.However, be careful when you market your deal to an end buyer or investor.
Joe Vastola
Am I Analyzing Deals Correctly?
4 December 2017 | 5 replies
I want to make sure I am using the tool correctly and was just wondering what the BP community would recommended I allocate for vacancy, repairs and maintenance, cap ex and management fees?
Bryan Miller
Borrower about to loose house - Creative Financing Ideas Needed
4 December 2017 | 45 replies
The bank doesn't keep all of the foreclosure money, just what they are owed plus fees, accrued interest, attorney fees, and any cost associated with foreclosing.At the very least, he should contact the lender and discuss options.
Tetsuo Wakino
New Landlord - First property
1 December 2017 | 5 replies
If you can't put them on separate meters, I've seen several BP posts where the landlord charged the tenants a "utility fee" each month to recoup the cost.
Jason D. Lewis
Investment will require mass eviction of seniors!
2 December 2017 | 4 replies
In B.C. you can evict if a reno is required, renoviction.Here are the after reno numbers in CND dollars:Aquisition costs:Purchase 460kClosing costs 9kDown payment 115k (25%)3.1% rate on a 30 year Am (no other loan cost)Monthly expenses:Management fee (use local handy man on hourly basis, handle rents and tennants on my own) $150/monthProperty tax $336/monthRepairs and maintaince $435/month Insurance $120/monthReserve $300/monthRent Roll:Rent 1k per unit, 6k/monthVacancy 5% ($300/month)Reno cost:Renos 30kARV:650k (conservative)ROI:Cash flow $2,885.00CoC 22.49% (including reno costs)ROI 27.07%Cap rate 11.37%Looking for input, thoughts or similar experiances.
Barry Je
Hiring firms to do due diligence
4 December 2017 | 7 replies
IE consult with investors and do their due diligence on the syndicator the project etc.charge a nominal fee but give the investor some piece of mind that a third party went through the offering docs.. did some due diligence on the market and such.. ???