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21 January 2025 | 0 replies
Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name?
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4 February 2025 | 10 replies
I'm of the opinion that a property that cannot create $15-20k+ per year in rental revenue is going to struggle keeping up with maintenance and repairs.
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29 January 2025 | 12 replies
BTW, I could have mentioned earlier, when we refi'd in 2022 the appraiser came in at 1,300,000 and verbally told me that he struggled as he believed the property was likely worth more based on the location, views, income.
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30 January 2025 | 6 replies
I currently struggle with knowing the right offer price for the homeowner and having the right assignment agreement for Az.
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23 January 2025 | 11 replies
Ownership demand here seems to heavily outweigh tourism demand and i'm struggling to get anything to pencil.
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19 January 2025 | 6 replies
Out of the four properties , there is one solid tenant, the other is struggling and the last two properties are not renting.
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30 January 2025 | 19 replies
I have struggled with the tenancy laws in Ontario (apart from cash flow issues) and hoping to diversify into a market where the laws are more balanced.
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9 February 2025 | 32 replies
So you may have a struggle on your hands trying to prove to the appraiser whether it's an actual "bedroom" or not.
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22 January 2025 | 4 replies
The culture shock hit us immediately, and we struggled at first—it wasn’t easy, but we were committed.Unfortunately, that initial investment didn’t pan out.
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21 January 2025 | 3 replies
And it will be a constant struggle.