36 Of 40 Things To Avoid When Investing

36 Of 40 Things To Avoid When Investing

#36 Transaction Fees

In the first video I explained that you have to pay attention to how you’re financing your transaction. With real estate, the only transaction that does not come with associated fees is when you're purchasing it, is with Straight Cash. That means the money that is in your checking or savings account.

If you're using a hard money lender or if using a retirement funds, there are fees attached to that transaction. You need to know whether there is compounding interest. You need to know if the fees may vary for any reason. In most instances it takes a formula to figure out what it actually cost you. and it's very important for your bottom line to know what those fees are. Mainly because if the budget gets tight, you can actually afford to give up.

John Lewis Headshot
Phone: 201-855-9377
Dated: April 11th 2019
Views: 1,650
About John: Specializing in Distressed Properties and Foreclosures, I have been regarded as "the angel realtor."...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Culture Estate
1833 Front St.
Scotch Plains, NJ