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12 July 2024 | 8 replies
LTV caps will range from 70-85%, although terms will probably be horrible at 85%.
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12 July 2024 | 2 replies
If my net sale is $300k I would likely use cash out of pocket given the range of local sales in my area and need up to $50k to add to my $300k exchange amount.
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11 July 2024 | 6 replies
Oh got it, thanks for the explanation.I am not an accountant or attorney but from a law point of view I believe that as long as the equity is bound in the property it is not realized capital gains so it won’t be taxed.You could structure it as a deferred payment due at some point in the future making it taxable at that point.
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14 July 2024 | 56 replies
Also a table fan is more provides a personal cone of air with limited range.
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12 July 2024 | 2 replies
There are different lenders that range from needing 4-15 days to close.
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12 July 2024 | 3 replies
While I am not super well versed in the RV park syndication world (although Axia does own a couple within their first fund), in general more and/or higher fees = WORSE for LP.I would love to see more about this deal, but based on a quick scan here: https://www.parksandplaces.com/campgrounds-for-sale/ looks like average pricing is in $5mm range.$5mm PP = $250,000 acquisition fee, let's assume they are raising $2,000,000 in equity for purchase and upgrades, this means acq fee is really 12.5% of equity.Loan Guarantor Fee: $5mm purchase, let's assume $3.5mm loan.
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12 July 2024 | 4 replies
The 4 bedroom home in this area of Ocala typically are listed for about $320,000 range.
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15 July 2024 | 65 replies
Also looks like the tenant wants in the range of 10k for compensation.
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14 July 2024 | 16 replies
I also work a part time job and bring home between $300-400 weekly from that, and we have savings in the $60,000 range.
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19 July 2024 | 100 replies
So that kind of presses requirement of legal standard declaring what is the "fair and reasonable" compensation ranges.