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19 January 2025 | 354 replies
The reason is over a course of time the vast majority will never payoff and the fund will have to foreclose and take possession which cost a boat load of money ..
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27 January 2025 | 1 reply
The signing parties are "stopped" from saying anything different after they sign the letter.Each Tenant Estoppel Letter states the attached copy of the tenant lease is accurate and was signed by the tenant, there are no other written or verbal agreements, the tenant has paid rent through a certain date, and there is no prepaid rent other than the current month.
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15 January 2025 | 3 replies
Quote from @Ryan Konen: You are correct that comping software like Privy, Propwire, and Propstream primarily rely on public records for their data, such as county assessor records, MLS feeds, and sometimes 3rd party aggregators.
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31 January 2025 | 7 replies
Buildium's 3rd party will issue the 1099 to the PM company.
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30 January 2025 | 48 replies
Quote from @Jay Hinrichs: Quote from @James Hamling: Quote from @Jay Hinrichs: Quote from @James Hamling: Quote from @Jay Hinrichs: one way i know to replace 350k a year with 750k is to build new construction and sell it.we pretty much double our money COC with new builds within 12 months.So you pay cash for the lot get a construction loan and the hard part is going to be a GC you know and trust.. sell the house double your cash on cash or better.. pay your tax and keep going.Or invest with a developer and do value add by creating building lots those are easy to 2X or better more risk though.
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23 January 2025 | 5 replies
It's not hard to understand the disqualified party rules and prohibited transactions.
13 January 2025 | 41 replies
.: I would never give the party on the opposite end of the transaction POA over the property, or my social, DOB etc.
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24 January 2025 | 2 replies
While they’re out partying, you’ll be home learning, analyzing deals, and honing your craft.
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1 February 2025 | 15 replies
The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.
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4 February 2025 | 24 replies
That part is as advertised.The Not-So-GoodIt’s Expensive—Like, Really Expensive.First-month rent is entirely theirs whenever a new lease is signed.15% repair management fee on top of already high maintenance and repair costs.No late fee benefit for owners—any late fees go to REI Nation employees as an “incentive” for chasing payments.