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25 July 2024 | 20 replies
Cut your losses counter offer and settle unless the amount is absurd.One of my lawsuits ran $150,000 in legal fees because I wouldn't settle for $2,000,000.
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23 July 2024 | 2 replies
Significant AUM - like 1B+ (further cuts that list down)... but watch you don't get into something that's "too large".
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25 July 2024 | 10 replies
So it's possible that the assignee might decide to cut his losses and forfeit the fee amount he already paid in.Regardless of why this might happen (which is really immaterial), the questions I should have asked are:How frequently (percentage of a wholesaler's deals) does it happen that a buyer backs out of the assignment, andWhen it does, how successful are you in pursuing the alternatives mentioned in Dustin Heiner's article?
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24 July 2024 | 5 replies
I was thinking of doing some creative finance: Maybe offering to take all three properties off of their hands with a lease to own, so I don't tie up all my money.
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24 July 2024 | 8 replies
Name brands with solid balance sheets are generally a better bet, still one can't forget the big fall too, so diligence is just as key with big names and cut them zero slack.
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24 July 2024 | 2 replies
Vacasa takes a huge cut of the profits.
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26 July 2024 | 37 replies
@Jonathan Greene, I suppose that if we bought a rent-ready place, it would be harder to snowball with another place later on, since our capital would all be tied up in that one property.
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23 July 2024 | 3 replies
Most who possess both attributes recognize its more profitable to simply build for themselves which leaves very few qualified builders for 4 unit ground up projects and those who are truly qualified have to be incentivized monetarily to take on such a build which cuts into your margins.
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23 July 2024 | 13 replies
It does NOT matter if the lender reports to your credit report or not (your tax returns will show the property and even if not on tax returns lenders use services showing the property tied to you.
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23 July 2024 | 2 replies
The Tax Cuts and Jobs Act (TCJA) of 2017 allows businesses to write off 60% (in 2024) of the cost of qualifying property in the year that it is placed into service.