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8 December 2024 | 1 reply
We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to the state as a charitable contribution even though we are listed as a not for profit organization and have been listed this way for well over 40 years.
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9 December 2024 | 15 replies
-Her split is 30% of profits whereas others are 20-25%-She requires a $500 "technology fee", but it's only a $30 amazon key-pad deadbolt.
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13 December 2024 | 16 replies
Plus funding is readily available and deals need to mature a few years before profits emerge, so why would a turn key provider not just keep a good rental property.Our inventory is so low in Milwaukee, that sellers don't have a reason to give a discount.
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10 December 2024 | 100 replies
It would not be a terribly profitable industry, and a few large players (hopefully including my NewCo) would dominate the space.
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10 December 2024 | 7 replies
Traditionally I have sold the builder land and loaned him the money to buy the land and build the house with us splitting up the profits when it sold.
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12 December 2024 | 5 replies
Especially if your profits are less than the Ex can prove she received.
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11 December 2024 | 5 replies
If she pays, then your really out of luck and you have to sue her in court for breaking the lease and damages.In general, I don't take people to court once I have the property back as the attorney fees and the fact you RARELY collect on any judgements (15% of the time or less) eats any profit and wastes your time.
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12 December 2024 | 7 replies
We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.
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15 December 2024 | 13 replies
Equity paydown and modest appreciation would result in a small profit; not enough to justify a non passive investment but i will own a killer cabin.
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10 December 2024 | 6 replies
Fast forward three years: He’s moved out, and the property now nets him close to $1,200 a month in profit after expenses.