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3 June 2024 | 4 replies
Trying to draft two agreements one with no guarantee and one with a guarantee and looking for examples.
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5 June 2024 | 7 replies
It's no guarantee but it's a good place to start.
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4 June 2024 | 3 replies
Are you acquiring properties this far out because the numbers look ok and the property is available and the seller is willing or because there is a guaranteed spread in it for you?
5 June 2024 | 20 replies
If all their work was inspected and they got certificate of occupancy, I'd check your purchase contracts. they have subcontractors that should have workmanship warranties. we let the customer's contact them directly and let them know up front what to expect and what a 1 year workmanship warranty is. we don't do the drywall we hire reputable companies who do drywall and they are the ones who guarantee their bid. what market is this in?
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9 June 2024 | 223 replies
(In my case, it can only be rebuilt on the original footprint, aka no demo and spec build) -Trying to rezone the property may work and may be the answer for some, but is not guaranteed to pass through approval and would most likely be costly and not worth the effort put in, especially given the uncertainty of the outcome.
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5 June 2024 | 10 replies
But, I believe that a fee structure like this is way worse than something simple like: "Good" Property Manager Fees:- 10% of rents- 50% or $500 lease-up fee- 25% or $250 lease renewal fee- 10% GC charge on projects over $1,000 (guarantees they will get 2-3 quotes on jobs of this size).- $500 - $1,000 flat rate breakup fee, payable only in year 1.This very simple, but higher headline, fee structure better aligns incentives.
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5 June 2024 | 24 replies
The type of deed only describes the sellers responsibility and guarantees to you if there is a title problem.
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4 June 2024 | 23 replies
The owner doesn’t really get a guarantee either, it could die again tomorrow or next month.
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3 June 2024 | 12 replies
They’re guaranteeing 100% financing on your deals for a 50/50 split.
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4 June 2024 | 22 replies
Then leverage the cash value to buy more properties.The guaranteed, permanent death benefit replaces the value of the future taxes due when deferral ends.Or the death benefit replaces the value of the assets themselves allowing you to use and enjoy more while still alive, and even offset taxes due on other assets such as tax-deferred retirement accounts.Repeat forever. :)