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20 April 2024 | 6 replies
I also like to make it a condition that the seller deliver a couple of days before closing an Estoppel Certificate from the tenant where the tenant confirms: (a) true and accurate copy of the lease and all amendments thereto; (b) address/unit they are occupying; (c) statement that Landlord is not in default under the Lease: (d) statement that Tenant is not in default under the Lease; and (e) statement of monthly rent and remaining term.This protects the buyer in the event there has been a subsequent written or verbal amendment of the lease (that the seller does not disclose) and prevents the tenant from making statements to the buyer/new landlord that are different from the terms of the lease that was provided to the buyer from the seller.Vivian
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22 April 2024 | 39 replies
., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).
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18 April 2024 | 16 replies
Algae prevention - possibly.
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18 April 2024 | 3 replies
Bonus depreciation and Section 179 allowances for improvements can be utilized, with the latter, however, capped at zero to prevent negative losses.
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18 April 2024 | 3 replies
Bonus depreciation and Section 179 allowances for improvements can be utilized, with the latter, however, capped at zero to prevent negative losses.
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18 April 2024 | 15 replies
That document is no guarantee that things won't go sideways, however, it should help prevent backlash if/when they do.I'm not advocating this practice but among experienced investors and sophisticated sellers, we have seen it work.
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18 April 2024 | 2 replies
While I understand that some individuals utilize LLCs for anonymity, my primary goal is to prevent these properties from falling into disrepair or becoming abandoned assets in the city.Would it be appropriate to contact these lawyers to discuss the status of their clients' properties?
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16 April 2024 | 9 replies
We have welcome comments for family but we felt can't say: only family.How to prevent this type of booking?
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17 April 2024 | 12 replies
What prevents your end buyer from waiting out your option period and going direct to your seller?
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18 April 2024 | 7 replies
If your life events prevent buying right now then focus on those other things and buy when it makes sense.