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26 November 2024 | 35 replies
Several things to consider: 1) One of the main purposes of segmenting your assets into separate LLC's is so that your personal net worth or equity in other business ventures or properties isn't exposed, so unless you have a high net worth or a lot of equity in a property, it might not be worth bothering going the separate LLC route, especially when it restricts your financing of the property. 2) Most any commercial financing you get from a local bank for a small property is going to have recourse anyhow and require that you sign a personal guarantee, so you're still personally on the hook to the bank even in the case of a commercial loan. 3) If you're a newer investor and buying a deal that's tight on cash flow, or if you don't have a ton of cash sitting in the bank already, your greatest risk factor as an investor is your investment failing economically due to poor financing terms or not operating the investment properly, not because you get sued.
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26 November 2024 | 17 replies
There's no right or wrong way to do this, just varying levels of risk and the only proper route is the one you understand.
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22 November 2024 | 11 replies
We're also exploring Monday.com for onboarding new properties and Hospitable’s new "owner statements" feature.We look to balance efficiency with these tools without over-engineering into cost inefficiencies.
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19 November 2024 | 24 replies
This is equivalent to a free family trip to Europe if used properly.
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23 November 2024 | 7 replies
The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;
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21 November 2024 | 10 replies
.), please describe for me the worst-case scenario for an eviction process if the tenant refuses to leave at the end of a lease term (assuming I do everything properly according to MA laws)?
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1 December 2024 | 134 replies
I live 2 blocks away :) I had another one in Portland proper same thing you could not get in it stunk so bad you could smell it from 15 feet away as you walked up..
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22 November 2024 | 12 replies
It sounds like you are already doing move-ins perfectly with photo evidence and proper documentation.
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22 November 2024 | 7 replies
Here’s a potential approach to balance both goals:1.
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27 November 2024 | 13 replies
However, in markets, like Dallas - proper, condos do well, but there are so many things to consider.