Remember: the PM with the highest fees may be the one that makes you the most money.Things to do:1.

I typically use hard money to fund my projects but I thought it would be great to bring him in as a cash partner.My question is how do you set up the partnership splits since he isn’t bringing all the cash, he is just bring enough to really cover the hard money fees and holding cost.  

In this particular case, the original debt was $4k and the collections firms are asking for $27k after interst, fees, etc. 

As a landlord you want a tenant who pays rent NOT one that costs hundreds in lawyer fees.

And if you decide to move forward, make sure they pay for the background / credit check fees, and clearly state that it's non-refundable whether they pass or fail. 

Hi all, I have my first few leads lined up and when I call sellers to negotiate I need an idea of what my bare minimum wholesale fee should be.

Hi,I had this question in my mind always whether I should serve the legal notice every time tenants late with rental fees.

PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?

So I would be first and have $5,000 of potential equity but this would get dissolved quickly with lawyer fees, real estate fees, on going bills, opportunity cost of lost interest. 

In your situation you would likely be charged the NJ Realty Transfer Fee for each transfer.