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19 August 2024 | 42 replies
The level of education, not to mention the high ethical standards enforced within the group, speaks for itself.We have a community of over 10,000 members committed to ethical business practices, and there is accountability for those who do not follow safety standards or ethics.
17 August 2024 | 17 replies
I'm a wholesaler/investor in GA and the areas I come across deals are in Albany, Macon (college area, Amazon Facility), and Warner Robins (college area, Air Force Base).
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19 August 2024 | 7 replies
Unless you have a small credit union where you have all of your liquid reserves/cash and they give you the standard I/O teaser rate on an adjustable rate.
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14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
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20 August 2024 | 28 replies
Every nightly rental review that has one, is only positive and they usually have 100s of reviews(at least the only ones I can find).I wanted to stand out in my market, while checking the box of "hot tub" since it's a standard amenity now.
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18 August 2024 | 1 reply
It's best to operate like a business with standardized requirements applied to everyone equally, every time.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.
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16 August 2024 | 4 replies
Renting to a group home or adult care facility can be a viable option, but it comes with specific considerations.
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19 August 2024 | 9 replies
Although for this guy 15k on Norweigean cruise lines is basically a standard cabin.. so he was being frugal there.. 1.4 to net jets not so much.
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14 August 2024 | 11 replies
I understand that there are potential self storage facilities that can return 20% cash on cash if improvements can be made.
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17 August 2024 | 10 replies
We just started using Baselane, and perhaps we could lean on that more to be able to track the expenses, categorize them per property/per tenant/mark as 'tenant expense'/mark as 'tenant reimbursed' or 'tenant unreimbursed', and then create a security deposit balance report, that would pull everything together.I'm just looking for advice from someone that has already figured out a simple and standard way to handle this.