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18 November 2024 | 9 replies
For many investors, an LLC acting as a Holding Company is going to offer the ability to manage the entity simply and provide limited liability protection.
21 November 2024 | 24 replies
catfiddle is the one I am talking about you simply cannot get materials to that lot without walking them in..
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10 November 2024 | 1 reply
However, the one constant in these emails is a request for the broker fee co-op and determining the offered co-op fee seems to be the motivation behind these emails.
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18 November 2024 | 12 replies
I agree with the "it depends" approach when it comes to determining reserves, but generally, it should align with the age and anticipated maintenance needs of the property.For example, we have a duplex built in 2003 with the original AC units and roof.
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16 November 2024 | 3 replies
Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat
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19 November 2024 | 3 replies
.- You could also try selling to another naive investor, but you don't have the infrastructure to do so easily. 2) You'll need to evict the tenant if you haven't already.3) Have 2-3 agents tour the property and take videos of their recommendations of repairs.4) Review all of these to create consensus Scope Of Work (SOW). 5) Get 2-4 bids on the SOW6) Review bids to determine cost effectiveness of what to actually do.
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26 November 2024 | 86 replies
In 2008 the average property value fell 40% + .Here are some rules for passive investors that I have come up with through the years1- before investing in syndications determine if REITs can satisfy your investment objectives.
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18 November 2024 | 13 replies
If there is evidence of intentional destruction of the property, you can call local police authorities, but in my experience, they do not get involved in any situation that "smell" of civil action; they will simply tell you that it is a civil matter.
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28 November 2024 | 184 replies
Wilkins did not immediately respond to a request for comment Tuesday, so it couldn’t be determined if he would oppose the motion to dismiss.Williams said even if the bankruptcy isn’t dismissed, he expects many creditors will object to Van Gundy receiving a discharge of the debts she owes them because of the allegations of her fraudulent conduct.No showsIn her bankruptcy papers, Van Gundy reported about $1.6 million in assets and almost $353,000 in liabilities.
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16 November 2024 | 4 replies
Specifically for the rent-to-own model do you know which components go into determining "strength of the deal"?