I suppose with the 70% factors in all the mishaps, and fees to sell the house etc?

I'm pretty sure that Ryan is correct about the usury laws, and anyway if you charge so much interest that the investor who's borrowing it can't make a profit you'll end up with a bunch of property that you don't want.I've made some HMLs and I've never charged anywhere near those numbers, although with points and fees I make sure I'm NETTING a very nice return.For those kinds of numbers you have to become a "payday" lender.

If their note and fees were $80,000 then they would probably foreclose on it for that amount.

I am going to need a plumbing stack replacement in the next few weeks.

I've read the tips from other investors suggesting using a $500 finder's fee, or similar wording.

PITI cost: 3700/mo. attorney fees, architect fees, title insurance: 7painting, cleaning, 1 new dishwasher, misc fees: 6-10holding costs for 2-4 mo: 7-14Staging, misc decorations: 2total cost: 676-688k.Now, I've toured lots of comparable units in the area.

The standard Texas contract (the TREC contract) has a paragraph for an option period which requires an option fee to be paid.

I stand to save a lot , not only on interest, but also on fees, insurance, etc. that the mortgagor was charging the person from whom I bought the property.Thanks for any help.Mike MitchellLubbock, TXINCREASE CAPITAL

I guess if you really wanted to, you could pay them a title search fee, which is normally $50-$100.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.