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19 September 2018 | 2 replies
If your sale has closed then exchange proceeds can be use to purchase the new property in the entity set up by the QI called the EAT (exchange accommodating title holder).
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2 October 2018 | 94 replies
I was willing to "eat" all the other nickle and dime things on the property(old furnace, leaky windows, etc), but had I waved the inspection, I would of been screwed.
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20 September 2018 | 5 replies
At first, it would be for smaller commercial properties, but if the relationship grows well and we make a good team, I'd love to scale up with them.Ideally it's a win-win for all:For the PM:They get a large chunk of equityThey get more business.They get access to my investors' capital for potentially future dealsIn a way, they eat what they killFor me:I look favorable to the lender with an experienced PM team as a partnerI'll get a deal under my beltI'll be able to get help with the downpayment, reducing the burden on my investors and myselfFor my investorsSure, they lose out on some equity, but they'll get a (slightly) higher return due to the lower monthly management feeThey'll sleep easy knowing that the PM has skin in the game and is experiencedTo be clear, I'm playing the long game, so I'm more than willing to do say, a 55/30/15 split with the PM/Investors/Myself and with a 3-5% monthly management fee.
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19 September 2018 | 4 replies
Hopefully, the HOA fees won't eat up all your cash flow.
20 September 2018 | 2 replies
Your PITI (principal, interest, taxes, and insurance) are eating up 87% of your income every month.
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21 September 2018 | 5 replies
I mean....3-7 of those could eat up all your profits.
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24 September 2018 | 50 replies
Well she changes her mind and demands he return them thats not what she wants . ( no return on special orders its about $15 grand in cabinets) She wants HIM to eat the cabinets .
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2 October 2018 | 7 replies
But I only eat shrimp from the Gulf and lobster from Key West :)
25 September 2018 | 7 replies
I am of the school of thought that says you "cant eat your equity".
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22 September 2018 | 8 replies
We’re trying to figure out how to avoid the short term gain tax implication of the sale since were in the highest bracket and that will basically eat into all of our profit.