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28 January 2025 | 1 reply
Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.
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14 February 2025 | 19 replies
My realtor is asking for $3000 flat fee + additional listing broker compensation of $400.What would you pay total for buyer/seller?
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11 February 2025 | 4 replies
Not really worth paying their points if they are just doing what you are already doing.
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27 January 2025 | 12 replies
So they price those homes at what a willing homeowner will pay for their personal residence.
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6 February 2025 | 58 replies
Tenant pays all utils except water.
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25 January 2025 | 1 reply
Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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26 January 2025 | 51 replies
BAM is consistently paying out monthly with Class A shares but class B shares stopped paying out almost immediately with the interest rate hikes.
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23 January 2025 | 3 replies
Go to court, judge will hear them out and then ask; "did you pay the rent."
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26 January 2025 | 48 replies
Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income.