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30 September 2024 | 1 reply
The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late.
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29 September 2024 | 18 replies
I’d love to hear more about your go-to strategies there.And I couldn’t agree more about LTRs being reliable, especially in a college town like Waco.
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1 October 2024 | 6 replies
Also, having a loan servicer handle the logistics will make it easier to manage the transaction while ensuring that taxes and insurance are handled correctly.Always consult with a real estate attorney to ensure that your seller financing agreement complies with state and federal laws.
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9 October 2024 | 312 replies
They probably don’t want to admit the real story to themselves or their investors.My observation is MF values are down 25% to 37% from peak—I have a case study with a reliable value at the moment of peak and a semi-reliable current value estimate—the drop is 37% and this is not a distressed property.
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29 September 2024 | 1 reply
DC is also one of the most "renter friendly" places in the country, so really make sure you do your homework and consult an attorney when writing up your lease to make sure that your property and your lease is in compliance with rental law.
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26 September 2024 | 14 replies
I am seeking reliable data and cannot solely rely on platforms like Zillow for this information.Thank you for any assistance you can provide.
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29 September 2024 | 2 replies
I am not an engineer, so please consult with an engineer or licensed GC in your area before proceeding, but this should be a fairly minor change that should be completed in under 1 day.
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1 October 2024 | 12 replies
They may have the balance sheet and backing now to deliver more of them, but they need some consulting advice from an apartments developer.
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30 September 2024 | 5 replies
This way, they can continue to receive steady monthly income without the headaches and responsibilities of managing the property themselves.Of course, I always recommend sellers consult with their accountant to fully understand the tax benefits, but many I’ve worked with have found this to be an appealing option.
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30 September 2024 | 3 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.