I pay agents and referal fees up to 7% depending on the deal.

All loans, improvments, rental fees will be directed to the LLC.

With our marketing plan in place, we have the ability to purchase properties substantially below market value and will not invest in a property unless we are behind 70% ltv after all fees.

Some other ways to make money on your rental properties:-coin laundry in the basement or each unit-offer Internet service for a fee; while water, cable, phone, electric are all regulated and you cannot sell at a profit to your tenants, Internet service is still unregulated.

Yes you need to take into consideration the cost of the home, the interest rate of the loan, the length of the loan and of course extra fees associated with closing.

They might have a means by which they can manage the property at a reasonable fee.Please note that which ever management agency you find they will charge you an extortionate fee to manage the property unless you lease it to a renter on a long term.In Houston you have many options.

And, if you balk at the $1,200 per year you pay for property insurance, you'd pay maybe $1,000 per year in time, state filing fees, accounting, and corporate diligence to have and sustain a legal LLC.

I can't touch a smiliar house for under 120k.I spoke with a mortgage broker and will be able to get in the house for the application fee and the rest will be covered w/possible cash back.

The issue is that the management company keeps 50% of the rents and then the monthly association fees and property taxes take the rest of the income.

I just collect my late fees and call the attorney when the problem gets too big, ie; 30 days behind and no serious effort to rectify.Think it over long and hard before you start.all cash