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24 January 2025 | 0 replies
Show Financial Stability- Proof of Income: Military pay provides a stable and reliable income source that banks value.- Creditworthiness: German banks assess your financial standing, so keeping accounts in good standing is critical.4.
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6 January 2025 | 31 replies
If someone refused to pay for a wash & fold at my laundromat, I might be out $100, but I simply wouldn’t do their laundry again.
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2 February 2025 | 22 replies
The house hacking will pay dividends for a long time I’m sure.
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10 February 2025 | 10 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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25 January 2025 | 17 replies
The 90% they are paying you back is probably 1/3 of what they're actually making by you committing to a deal.
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29 January 2025 | 24 replies
We couldn't close and had to have (and pay for) a re-inspection, even though the hurricane did not come anywhere close by.
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5 February 2025 | 11 replies
If I identified the offender, I would probably bill them back for the wasted water and when they didn't pay evict them, or non-renew them if their lease was near the end because that is simpler.
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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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17 January 2025 | 19 replies
My SBLOC requires that I pay it down to $0 once a year and keep it at $0 for one whole month.
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6 January 2025 | 1 reply
That is not uncommon, BUT asking the seller to do that likely means paying a bit more for the property.