Robert, "seller to pay an amount equal to 3% of sales price toward buyer's closing costs and fees".

Hi all, and happy new year,I have a coin operated Laundromat in my building for the last 20 years, my latest move with the last rent increase was to add a flat fee for unlimited use of the Laundromat without coins and my tenants love it. ( my tenants were informed before the lease expired and all agreed)Is working great for everybodyDennis

If a Realtor finds me a motivated seller then I would pay them a finder's fee (or referral fee) if the property is not on the market.

Now you see how the faster pay down happens - essentially it comes from making an extra monthly payment every year.Now, if you take that biweekly offer, you will also incur loan closing fees.

Not sure if there are any other fees and what the incremental printing costs are, but I believe there is minimally a $16/month charge for the service.Not a big cost if you are doing volume but not free either.

as far as End Buyers are concerned, how do I best secure my position with out having this person go right to my buyers directly.The wholesaler states that the bank is not allowing him to provide all the details about the properties until PFO & LOI are received (hence question#2) and with the amount of properties that he has at the moment for me to help him with, and REO's can't be assigned, how do I structure my agreement with buyers to secure my fee?

We purchased a home for 130k put about 30k into it and sold for 245k after all taxes and fees we ended up with 220k in the bank.We are currently looking for the next deal but in the mean time what do most of you do with your money during the lull???

I liked a common piece of advice regarding being clear about the rental qualification process, requirements, and fees up front, and frequently.Based on that reading, I drafted the following as a cover page to the application itself.

If you plan on doing this.1) Charge an additional 2 days rent.2) Charge a service fee.3) Make sure you amend the lease.4) Call their previous land lord to find out if they are skipping out on any rent.

@Michael Sutherland , when it comes to cost keep in mind Lawyers do not have fees like realtors.