Don't be overly glorified by the sounds of a new house.Remember, new houses come with a lot of hidden expenses depending on how much the builder finished on the homes, and the local ordinances.

Since you are paying a monthly service fee, they are somewhat forced to add features and continually improve their service in order to retain their clientele. 2.

One of the new provisions states that they may "require manditory inspections, and providing city with back permits, rental history, Certs of Occupancy, and payment of past due capitol expansion and utility fees, SALES AND USE TAXES."

You've brought the assignment of contract which stipulates your fee and the %age you expect up front.

Nevertheless, make your offer based on actual rents.In addition to the items you mention, you'll need to account for vacancies, management expenses, advertising, utilities in vacant units, evictions, legal fees, tenant damage, make ready costs between tenants, etc...

You get permission to market the property, but you act as a principal in the transaction, you lease option, then you assign the deal.You are upfront with the seller, very transparent about your profit.You add your assignment fee to the exercise price.Once you assign & get the fee, you are out of it.All the risk is on the Seller.Challenge here: Getting Tenant Buyers Fee: Cash plus 12 month note most of the time.Positives: No guaranteeing anything, e.g. minor maintenance paid, rents paid.Negatives: No back end when TBer gets funded.

I seem to be reading in some places where the middle man doesn't even sign that first contract - it's between the seller and the end buyer, and the investor (or whatever you want to call the middle man), gets put down as a "line item" and gets an "assignment fee."

I just called and asked, do you market/advertise other peoples properties whats the fee?

AoC: This contract MUST stipulate the fee you are charging the investor for the right to fulfill the obligations of the original PSA.

Hi Tim, you want to make sure that your postcard tells the seller what you can do for them i.e. no realtor fees/commissions, no closing costs, we will purchase your house in "as is" condition.We have had great success using mail merge on our postcards.