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24 December 2024 | 9 replies
This could help smooth out cash flow in the long run by locking in a lower rate and reducing future payment pressure. 2.
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9 January 2025 | 116 replies
I still handle all the leasing aspects myself.
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28 December 2024 | 1 reply
Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.
29 December 2024 | 9 replies
Normally when a property is advertised as "cash only" the property is in poor condition and/or the seller wants to reduce contingencies and opts for a cleaner transaction.
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31 December 2024 | 22 replies
@Richard Anderson: You've piqued my interest.Do you happen to know if there are guidelines in the banking industry as to how to handle the Due on Sale Clause when a seller sells on Executory contract to another individual?
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24 December 2024 | 5 replies
Many other projects have reduced or suspended planned CF distributions and I've also had a few capital calls in which I did participate since the business case still made sense (the MF in Florida had a capital call to finish construction and get through stabilization and it still returned the 32% IRR).I expect almost all of the deals to be OK, just later exits than originally projected.I am very concerned about one project and have already written it off in my head.
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6 January 2025 | 25 replies
The tenant was in the building when I bought it (I've owned the building for 2 months) and he claims to have an insurance policy covering them.My insurance company is saying they'll drop my policy on the building if the pitbulls are there even with the tenant's insurance policy.The dogs are very sweet but the tenant lets them run free and they often go into the neighboring property, resulting in 4 malicious animal violations from animal control in the past year.Any thoughts on how I should handle?
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31 December 2024 | 32 replies
It has to do with the professional way you've handled yourself, the good communication with our team and the fact that you are closing your first house with us.
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30 December 2024 | 103 replies
Even though classes would all be remote, All of us were for sending him off to school and were thrilled when he won a lottery for the reduced capacity dorm.
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26 December 2024 | 3 replies
Remember that the leveraged purchases are not going to add significant cash flow immediately and borrowing against existing properties will also reduce their cash flow.