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29 August 2024 | 8 replies
The best time to pay for a coach, mentor, or program is when you are already doing business and you want to go from A to C.
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30 August 2024 | 9 replies
-We have to move forward to help mitigate this problem b/c one owner lives 3 hours away and I live 30 min away and can't be at the house daily to empty dehumidifiers.
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30 August 2024 | 38 replies
Mostly they buy solid B class apartments and so less covid impacts than class C.
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29 August 2024 | 14 replies
If it is a COA, F.S. 718.116(8)(c) provides:(c) An association waives the right to collect any moneys owed in excess of the amounts specified in the estoppel certificate from any person who in good faith relies upon the estoppel certificate and from the person’s successors and assigns.If it's an HOA, F.S. 720.30851(3) provides:(3) An association waives the right to collect any moneys owed in excess of the amounts specified in the estoppel certificate from any person who in good faith relies upon the estoppel certificate and from the person’s successors and assigns.Now there are Master Associations that have an HOA, and the MA has condos built inside them with a separate COA, so some condos can have two assessments, one for the HOA and one for the COA.
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28 August 2024 | 8 replies
You served her with 3 day notice, now go file with the JP court for that area.You probably need to get the a/c fixed also.
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30 August 2024 | 7 replies
I have a long term tenant who I inherited when I purchased the property he has always called us whenever there was an issue (A/C not working, Broken window, toilet not working etc) Well last night around 8:30 pm we received a call from him that he called a plumber to remove roots from the sewer line and wants us to pay the bill.
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28 August 2024 | 9 replies
Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.
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30 August 2024 | 12 replies
You are already ahead of the curve because most rely on number of doors and cash flow as their primary purchasing criteria which leads them straight to the C/D neighborhoods.
29 August 2024 | 70 replies
You simply assign the contract and that buyer closes with his own source of funds.However, there are situations where either you cannot or don't want to assign:CANNOT:Most every REO, HUD, or Short Sale purchase offer contract will be rejected if And/Or Assigns is named in the Buyer field.DON'T WANT:If you have a particularly high profit spread between the A-B and the B-C, your C Buyer many times will not allow it and demand a smaller assignment fee.