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3 April 2024 | 6 replies
We've also simply created a separate debt instrument to our own LLC with a fixed return and fixed time frame (18 - 24 months) to keep 100% of the equity and not tie that money to the property, but to a UCC on our entity.
2 April 2024 | 3 replies
My Dad used these in the late 70s into the 80s its a very clear and concise debt instrument that actually explains these wraps very well.It was to my knowledge first created in California were we had our operation..
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1 April 2024 | 6 replies
Paying contractors quickly is instrumental to them being on your side.
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2 April 2024 | 2 replies
The guidance and wisdom I found within this community were instrumental in navigating my first property's challenges and successes.However, our efforts were met with unforeseen adversity.
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1 April 2024 | 4 replies
Many believe this is a cost saving mecanism but in many cases it will cost as much if not more and will not be as sound of a legal instrument.
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1 April 2024 | 36 replies
@Steve K.100% agree which is why I am against people doing seller financingThey are investing in a security instrument that is typically over leveraged because they may sell a $200k home for $220k, and get 7-8% taxed at ordinary incomeI can invest in other investments and get 8-10% taxed as qualified dividends or get depreciation and have ltv’s below 70%… throw in these borrowers are typically not underwritten properly and have a high chance of failure and I scratch my head why people think this is a great ideaI think a lot will learn the hard way in the next 2-3 years
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1 April 2024 | 60 replies
Lemme get this straight: I have no control when I have a highly liquid, fungible, instrument bottomed on hundreds, if not thousands, of assets across a continental or even global geography, and many asset classes, and I can buy or sell at a moment's notice.I DO have lots of control, however,when I buy a single asset class in the form of an illiquid, unfungible, single asset class that is highly localized, and subject to the whim and caprice of economically ignorant people and those who cater to them.No.
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31 March 2024 | 4 replies
@Ryan Fox @Kevin SobiloOur lease does state:"Tenant may not infringe upon the quiet enjoyment right or safety of other tenants through disturbances including but not limited to TVs, stereos, musical instruments, other loud noises, heavy walking, or other disturbing actions."
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29 March 2024 | 11 replies
The lender is not required to include this contingent liability as part of the borrower’s recurring monthly debt obligations provided the lender obtains a copy of the applicable loan instrument that shows the borrower’s financial asset as collateral for the loan.
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28 March 2024 | 34 replies
If it is in a revocable living trust, then yes, all the assets are still considered your personal assets, they just pass on to the hiers by the trust instrument and not the will.