9 November 2006 | 4 replies
If you sign up and pay their fee, you can actually get our name, address, phone number and personal loan information leading those to believe our house is available for a quick pick-up (for lack of a better phrase) I have contacted them several times but they seem to feel a need to continue reporting this false information without making an attempt to verify the accuracy.
10 November 2006 | 1 reply
2 - Get pre-approved by the bank to see how much I can loan while looking for HML lenders.3 - Price out all my expenses.4 - Find a sample questionnaire to ask potential buyers/sellers.5 - Find a sample of a Letter of Intent.6 - Find a sample of a non-compete agreement, find a sample of a non-disclosure agreement, and find a sample of a Master Fee agreement that I can use as a template when I bird-dog.7 - Find a sample of a purchase contract, find a sample of an assignment contract that I can use as a template when I am wholesaling.If anyone would be so willing to share an old or expired contract, I would be most graceful.
12 November 2006 | 3 replies
The $900 rent covers the 5.3% interest rate I pay for my mortgage, the $360 monthly maintenance fee, plus RP tax and insurance.
23 November 2006 | 8 replies
That percentage will factor in closing costs for buying and selling, financing costs, holding costs, selling costs (realtor fees/advertizing), and your profit.
3 May 2007 | 16 replies
I have no employees to baby sit, no perishable inventory to move, no franchise fees to pay, and no store to maintain.
14 November 2006 | 1 reply
Closing costs when you buy it need to be factored and initial financing fees if you are financing it.When you are factoring sell price (ARV), you will need to factor off of that realtor/advertizing fees to sell it and ALL closing costs when you sell it.The 70% of ARV minus repairs formula adequately factors in all these factors.
30 November 2006 | 4 replies
Your best bet is a hard money lender, and if you don't even have atleast the upfront fees (usually about 5-6%) then the HML probably won't feel comfortable with it.Third, when you say you figure it will sell for 70K or 90K, what are you basing that off of?
12 December 2006 | 11 replies
3br/ 1 brm - 63K/ 10% down owner moving out of town claims that it can rented out for $900-1000 easy. lets be conservative and say it rents for $800.i would need to finance the place with a high 8% loan.my monthly would be about:$416/ loan$160/ assoc fees$73/ mo taxes_______________$649$6300/ %10 down$1200 for closing cost-$700 seller is putting in.------------------------------$6800 investment/ ConC return $1812 %26 percentdoes this sound good at all?
6 December 2006 | 14 replies
All the folks who provide services in this business for a fee/commission.4) Rehabber - buy low (and in need of repairs), invest your time and money into rehabbing, then either hold as a rental or flip.I'm probably most interested in #4 - I've enjoyed the hands on minor carpentry/painting/landscaping/etc I've occasionally done in the past, and my primary job has given me some experience in project management (locating and managing contractors).
4 December 2006 | 0 replies
The investor wanted me to find this deal, and would be willing to be partners with me, but I don't want to manage the units, I would rather make the money by flipping the contract or getting consultant fees.......the more I think about this the more confused I get!!!