Austin Lowe
Assignment fees PLUS mark-up?
4 May 2022 | 13 replies
With the exception of unexpected costs, their estimates will be based on experience, expertise, and up to date knowledge on material costs.
Marie J Miller
Contributing to SEP-IRA as a 1099 Employee
19 April 2023 | 6 replies
@Marie J Miller,I agree with Jeff, since you are self-employed - Solo 401k would be much better options for several reasons:- You can maximize your contributions quicker since it has elective deferral component- Catch up contributions increase your overall limit- Ability to borrow from the plan using participant loan feature- Ability to make Roth contributions - Custodian is not required - can be set up as a trust and give you "checkbook control" and ability to invest in alternative assets such as real estate- If you invest in real estate using leverage, you will avoid UBIT (unlike the IRA)- Cost effective: avoid custodian and transaction-based feesHope this helps!
Jamie Wooley
Major sewer leak under slab unexpected!
26 October 2019 | 54 replies
This was just unexpected and I was uneducated on this issue.
Christopher Za
Cash flow as percentage of expenses
7 September 2015 | 14 replies
If the unexpected big expenses arises, it could really hurt (I've budged 2% of purchase price for Maintenance, which totals $12,000/year for one property).
Angel Moreno
How to hire a contractor to do rehab estimates for me
1 September 2021 | 8 replies
Also be sure to add a contingency line for unexpected repairs!
Kim H.
Cost to Separate Water Meters
3 February 2014 | 30 replies
I was thinking of doing this to make the commercial component more NNN lease with longer terms.
Dan Tarpein
Use cash-out refi, or owner raised capital for down payment?
18 April 2023 | 3 replies
This LLC is located in the Quad Cities, Iowa, and my brother is the main boots on the ground component with the vast majority of RE experience compared to my sister and I.
Monique Walker
Fortune Builders Refund Policy
16 April 2023 | 48 replies
They don't necessarily have plug in play systems but have most of the components needed to build a real estate business that you want (rehabs, wholesale, buy and hold, etc.)
Corey Thompson
We paid a 400k assignment fee on our first apartment deal in 2018
10 December 2019 | 5 replies
Did you pursue the bridge option because of the land component?
Andre Hicks
Planning to start investing
6 September 2018 | 2 replies
You should have some capital set aside for the purchase and then for repairs and unexpected issues that could arise.