20 March 2017 | 6 replies
W/O an offer, we normally can't get to any PnL and our offer would very much like to be based upon that unobtainable PnL - - catch-22.My back of the napkin analysis goes like this:GSI - Expenses = NOIExpenses ASSUMED to be 33-50% of GSINOI * 10 (an assumed GRM) is the MAX purchase price to be offered.When we get the Sch-E for two years and the corresponding rent rolls, we can correct our assumptions and amend our offer via the contingency approval of both.
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25 March 2017 | 22 replies
I have a deposit and first month rent (I don't require last month rent at move in) from the new tenants, we required that when we did the lease for 4/1, there is not a full lease starting 3/24, just an amendment, so I'm not worried about them paying.
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6 November 2016 | 7 replies
Talk to Seller about amending your LO with Seller.
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5 November 2016 | 1 reply
It is generally a good idea to record them as this gives constructive notice to other interested parties of the amendments to the loan.
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19 November 2016 | 9 replies
Otherwise if your lender doesn't have a problem, you could draft up an amendment (or similar form) to assign the OTP to your LLC, if it is established before closing.
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12 November 2016 | 1 reply
Has anyone had experience negotiating or getting an amendment added to the PSA (something it says they do not do)?
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14 November 2016 | 31 replies
I thought the 1st Amendment was still in full force ... or is his full name Kim Donald Trump of the DPRK?
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6 April 2017 | 8 replies
This was only my second year filing and I wasn't schooled yet on reporting everything on the 8825 so I ended up having to file two amendments before I could even start my personal return.
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6 April 2017 | 37 replies
If in my example above the transaction were to fail / be denied then I will deal with that just like a bounced check.As for the current situation, I emailed the tenant last night and offered to waive the late fee, recognizing her good track record up until this point....as long as she signed a very short lease amendment I put together that clarifies the particulars of the situation and what is considered "on time".
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13 April 2017 | 23 replies
If they are, you simple need to execute a Change of Lease / Amendment to the lease to remove the departing tenant (all parties will have to sign).