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5 December 2024 | 25 replies
From signing the initial agreement to finalizing the project, they maintained a high level of professionalism and kept me informed with regular updates.The deal was backed by a Joint Venture Agreement and Promissory Note, and they delivered the expected returns on schedule, with no issues along the way.If you’re considering partnering with 51 West Properties, they’ve proven to be reliable and trustworthy.
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1 December 2024 | 9 replies
I wouldn't worry about the square footage all that much because it's not always correct.
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5 December 2024 | 5 replies
But, you're correct that there’s a bit of confusion when it comes to HomeStyle loans, as the renovations were part of the original loan.
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8 December 2024 | 26 replies
Visa and FinancingYou're correct that securing a mortgage might be challenging without legal status or a W2 job.
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3 December 2024 | 26 replies
Quote from @Bhushan Shinkre: Few corrections, tenant simply decided not to pay rent and took further action of asking for refund of all prior payments (legally made via Baselane), which Baselane paid out no questions asked.
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30 November 2024 | 9 replies
Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.
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2 December 2024 | 11 replies
If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.
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4 December 2024 | 7 replies
For the minor stain, I would probably get in touch with the cleaner to confirm whether it was there before and/or to correct the issue but again your property manager should probably be doing that.
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3 December 2024 | 10 replies
It recommends charging $1,000/month plus utilities, maintaining the property, and drafting a written agreement.