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17 July 2024 | 9 replies
We had guests show up at our new-construction condo in Puerto Vallarta, Mexico when the power was out.
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17 July 2024 | 3 replies
I've heard of a seller acknowledgement form, having a limited power of attorney, nonrefundable deposit, etc.
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17 July 2024 | 12 replies
The router is on the top level, the lock is on the main floor and power goes out regularly.
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16 July 2024 | 1 reply
The electric bill came up unexpected that month7.
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18 July 2024 | 7 replies
You're clearly in a position of power so rushing into another deal or renting something you don't want to rent makes no sense.
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17 July 2024 | 37 replies
Less leverage means that the greater cash flow can more easily cover unexpected expenses without di[ping into capital reserves or personal cash, hence less stress.
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16 July 2024 | 3 replies
60 day turn around, I put 90 just to allow for the unexpected. 30 day reno timeline as per my contractor.Help!
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17 July 2024 | 18 replies
Actually, timelines are 99% of the time shattered by unexpected work and change orders constantly popping up.
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17 July 2024 | 5 replies
A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.
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17 July 2024 | 10 replies
But given our tribe's tendency to skirt the rules and believe in the magical powers of "I will just tell the IRS..." - it's a slippery slope.