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16 October 2024 | 4 replies
My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.
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17 October 2024 | 19 replies
Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).
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15 October 2024 | 4 replies
The first mortgage would be secured against the whole plot of land.
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15 October 2024 | 4 replies
The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.
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24 October 2024 | 139 replies
Even though they will spend a good deal of time picking up, handling, managing, securing and otherwise being responsible for your materials?
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16 October 2024 | 8 replies
I understand showings are part of the deal when a property is being rented or sold, but this seems like a huge breach of security and tenant rights.
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15 October 2024 | 0 replies
Here are some items that are specific to warehouse:Loading DocksInterior FinishesHVAC SystemsSafety and Security AlarmsLand ImprovementsSpecialized Electrical SystemsMaterial Handling EquipmentAs you can see, cost segregation can allow multiple items to be reclassified to shorter useful lives, accelerating depreciation and creating immediate tax savings.
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17 October 2024 | 14 replies
Cohen, I can secure the funds for you based on the ARV immediately (0 months), let's get to work on this.
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15 October 2024 | 3 replies
If you can secure insurance that doesn't kill the deal, and you find a good deal, then I would assume all works.
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14 October 2024 | 1 reply
Hey there, I secured a 10-acre property back in May that can be subdivided into two fives.