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17 October 2024 | 15 replies
Does anybody have any they'd recommend or have had positive experiences with?
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16 October 2024 | 22 replies
Salaries are not increasing to keep up.
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24 October 2024 | 36 replies
Starting over with a new property manager with a new listing can be a positive, as Airbnb and others reward new listings with additional exposure, especially if you are headed into the busy season.
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21 October 2024 | 16 replies
The note seller might be offering a steep discount because, as a 2nd lienholder, they are in a junior position and could get nothing if the 1st lienholder forecloses.
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19 October 2024 | 5 replies
I'm 24 and have a steady positive cash flow from my active income (a full-time job).
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18 October 2024 | 8 replies
. - The commercial property is in an LLC, we get K-1s from the LLCs taxes every year showing that the LLC pays for the expense and is cashflow positive; except for the deprecation we take :) I plan on buying a new primary residence in the next 1-2 years and want to know if I need to have the commercial loan adjusted so that its no longer personally guaranteed.
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17 October 2024 | 26 replies
Jack,since you run Gelt and do private lending, think of being in first position on a loan with a private lender and that lender just randomly assigns the loan to someone else without advising you.
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17 October 2024 | 5 replies
One thing you might want to focus on now is getting pre-approved for financing if you haven’t yet—it can give you a stronger position when making offers.
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18 October 2024 | 15 replies
Had it with them for 6 months and they can't cash flow positive.
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17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?