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21 December 2018 | 11 replies
Bonk yourself in the head or snap a rubber band against your wrist any time you start thinking of price per square foot; price per square foot only carries weight with consumers trying to fight appraisals, not with appraisers.
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24 December 2018 | 3 replies
Recent surveys show that the online ordering process is easy and favorable to consumers for most retailers BUT over 90% said they strongly disliked the return process and wait times for online orders.
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4 August 2021 | 22 replies
She said she'd look into it and get back with me but never did.I still may put solar panels on the house down the road, to include the energy production needed, that the ADU consumes.
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22 December 2018 | 21 replies
This can be expensive and or time consuming, especially if the property's mechanicals are way behind current code.
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24 December 2018 | 70 replies
I started a Partnership with some friends and relatives who mainly are Stock Market Investors.The purpose of the Partnership, in this case an LLC, was to purchase a $1.5 Million 3 Family in Brooklyn, All Cash.3 months ago I told everyone to pull out their cash in the Stock Market.They completed their stock sales a few weeks ahead of the Market falling off the cliff.I then closed on the 3 Family at a very good Price, collected a $40k buyer's commission as I am also the Buyer Broker, and just finished renting the 3 Units, signing the last apt lease in a few days, getting approximately $6k per month in Cash Flow for the 1st year.Not only that, I am securing an Investment HELOC at a 50% LTV, so roughly $750k, which I can use to investing in the Stock Market.I had already anticipated the fall of the Market as the inevitable Corporate Tax breaks had to wear off eventually.There just isn't enough consumers that benefited, in my opinion, therefore Corporate Revenues cannot increase and profits has to either stabilize as the max Corporate Tax breaks levels off.Really, only one way to go.I am anticipating the decline to last for a while.As an Trader, however, I will eventually buy long term growth stocks but also hedge it with PUTs in case I get in a bit too early.My friends and relatives are ecstatic as they probably saved a decline in their net worth by as much as a $1 Million.BTW, there is an old saying, "It is easier to make the 1st Million than it is to keep the 1st Million."
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23 December 2018 | 8 replies
It you communicate your rental criteria to prospective tenants in advance before accepting an application and application fee (required in Washington State), you would not run into this problem.It's perfectly fine to reject an application or approve it with conditions based on legal rental criteria.You may want to use a standard form, such as an "Adverse Action Notice".Here's some information from the one we use:----------ADVERSE ACTION NOTICEApplicant name ____________Applicant mailing address ___________This notice is to inform you that your application to rent the property located at ______________ has been:[] Rejected[] Approved with conditions:[] Residency requires an increased monthly rent of $_____[] Residency requires increased [] fee or [] deposit of $ _____[] Residency requires last month’s rent[] Residency requires a qualified guarantor[] Other requirementAdverse action on your application was based on one or more of the following:[] Information contained in a consumer credit report *[] The consumer credit report did not contain sufficient information *[] Information received in a criminal record[] Information received in a civil record[] Information received from references[] Information received from previous rental history or reference[] Information received from employment verification[] Inaccurate, false, or misleading statements or missing critical information on the application*If you were rejected based on a consumer credit report, you can request a copy of your credit report for free from the below-checked agency.[] Experian[] Equifax[] TransunionDated this day of ________.Agent/Owner Signature _________
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28 December 2018 | 3 replies
Coming in with the capital you hold majority leverage, but having them find the needed workers (preferably contractors he currently works with) is going to be extremely time consuming.
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8 January 2019 | 152 replies
to much consumer credit.. and KIDS bad kids.. either in jail or talked parents into refinancing the house and then took the proceeds.. worked a number of those cases..
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23 January 2019 | 28 replies
I see this a lot on the consumer credit side.
6 January 2019 | 3 replies
If the carpenters do a hack job, it makes drywall more time consuming as they have to shim and bend.