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9 August 2024 | 184 replies
If we see an uptick in dual agency transactions, we'll probably also see an uptick in lawsuits and increased regulation around dual agency.
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2 August 2024 | 5 replies
This would then allow you to start establishing a business identity (obtaining an EIN, business checking account, et al.)3.
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2 August 2024 | 14 replies
It's a highly nuanced industry that isn't very regulated so you will need to know what you can and cannot do legally and then create some personalized guidelines around what you want to fund and what you want your returns to look like.
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31 July 2024 | 2 replies
We are on the final stretch in getting a debt fund established; and look forward to the increased liquidity it will allow us to pull in.
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2 August 2024 | 18 replies
Are you in a market with good multifamily stock that have rents high enough for you and your husband to cashflow and meet whatever return on investment targets you have established?
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1 August 2024 | 12 replies
Nevada is a unique state in it has a lot of hoops to jump through for Hard Money Lenders to lend in (versus much less regulations in most other states) - not impossible to find by any means, but Nevada is going to limit your options
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31 July 2024 | 4 replies
You need to prove yourself as a savvy investor first, then have a deal to present.Second, raising money is really hard right now, even for well established companies with $7 figure marketing budgets.
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1 August 2024 | 10 replies
You can get a house for $100 per night which makes all of the houses unprofitablePlus there’s a lot of regulation limiting occupancy, etc. etc.There’s tons of houses on the market for sale right now in the Poconos at very inexpensive prices, because no one is making any money on their STR‘s so everyone has to sell.
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1 August 2024 | 9 replies
My goals are established, I'll keep surfing through BP and learning more
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31 July 2024 | 1 reply
Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.