Ken D.
Looking for a financial analyst to help with tradeoff analysis
29 November 2017 | 12 replies
After subtracting loan balance and sellers fees, net for selling all would be $350K-850K (There is obviously a lot of uncertainty here, high value is based on a recent pitch from a realtor who specializes in investment property; low-range is based on skepticism of that).
Joy Baker
Wholesaling for complete dummies
28 November 2017 | 4 replies
What I found is that unless you have ~2k-2.5k to get the real estate license (after all fees, membership, classes, etc...), or you have enough cash to buy the property outright and then sell to someone else at a greater price, it can't be done here.
Albert Hernandez
how to find investors for wholesale deals?
29 November 2017 | 11 replies
In essence, the wholesaler is transferring the right to purchase the property to another investor for a fee.
Cindy M.
Just did my first Deal and bought a 4 Plex! Need Advice Stat!
3 December 2017 | 9 replies
These options usually have very little fees compared to getting a loan against the property and needing a title company and/or a real estate attorney involved.
Joseph Dunphy
Last minute financing fell through
19 January 2020 | 9 replies
Also a $5k flat rate funding fee.
Alex Johnson
Starting out as a wholesaler
29 November 2017 | 6 replies
Wholesale fees more or less average out to around $15K per deal.
Joseph Cohen
What’s your thoughts on the freedom mentor program
8 March 2018 | 1 reply
He charges an up front fee of somewhere between 8000-15000.
Joshua Zapin
Property Management Indemnification Standards
30 November 2017 | 3 replies
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible.
Cole Johnson
Is this fair?? 1.3 Million syndication structure.
28 November 2017 | 7 replies
I just got done sitting down with him and here are my concearns.There is a 15% deal structuring fee.
Ricky Pok
Can a Lender receive a finders/referral fee on a wholesale deal?
28 November 2017 | 3 replies
My question is, Can I receive a finders fee or referral fee if I refer them to my clients without invoking RESPA section 8 penalties, Thank you.