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13 August 2024 | 0 replies
Hello - is anyone else facing the issue of being unable to retrieve the tenant screen report?
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15 August 2024 | 16 replies
We had a guest that report they were bitten by a bed bug, which they killed and didn't have its remains to confirm if it was or was not a bed bug.
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15 August 2024 | 17 replies
That is a great point as well, I have noticed there are a lot of Accountants/Bookkeepers out there that have no idea what they are doing with Real Estate and they think it is like other types of business, they charge based off those businesses and find out they have to do more work and Real Estate needs more details and separate reporting and they do the bare minimum which ends with an investor having to pay someone like me to clean up everything and get them back on track.
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13 August 2024 | 14 replies
Where did the PMs company eviction report come from?
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14 August 2024 | 42 replies
Year end reporting seems adequate.
13 August 2024 | 2 replies
Try to get tenant B to sign the lease before he gets the keys from tenant A, and try to do another quick inspection before tenant B officially moves in, which becomes the move in condition report.
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13 August 2024 | 5 replies
In the world of development you have money at risk to complete these and other reports, legal, zoning, permitting, environmentals, etc before you go hard on your deposit with a seller.
12 August 2024 | 1 reply
I'm in the process of buying land, having a builder build a home for sale on that land, and then selling said home for a profit.If I buy the land in my name, get the construction loan in my name, but I want to sell it under the LLC's name, at what point am I would I report the income under the business's name?
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12 August 2024 | 4 replies
Begin your 'pre qualification' process for the acquisition now (most commercial lenders won't issue a PreQual but rather a LOI) In general, Commercial transactions can take longer due to extended due diligence, appraisal, environmental reports and financing (60+ days) so you'll want to initiate your search during the marketing of the down leg as it can cause a tighter timeline than a residential transaction.
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15 August 2024 | 23 replies
HI Dara,If you own more than 50% of the LLC and can prove that you own it via operating agreement IE you’re the manager or member for 51%+ you can use conventional financing to close on this refinance out of your LLC (you will need to quit claim deed it back to your personal name and update the preliminary title report prior to closing conventional).Fannie doesn’t care about seasoning and timing however if you opt to use Freddie Mac there is a 51%+ ownership of the LLC required and or 12 months payments or occupancy required so freddie is way tougher for their continuity of obligation (COO) requirements.