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9 August 2024 | 12 replies
(Both legally zoned) My current inexperienced understanding is that you can NOT be prevented from adding or replacing trailers so long as the pads themselves have been grandfathered in and are legally zoned.
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12 August 2024 | 37 replies
If a buyer has the financial capability to handle possible temporary negative cash flow and ability to refinance in the unlikely event the note is accelerated, and the seller has the ability to do a background check on the buyer and reach an intelligent decision, then the benefits of a real property transaction without the expense, time and qualifying necessary to obtain new financing and perhaps the benefits of a lower interest rate can successfully accrue to the benefit of both parties to the transaction.If the buyer is an undercapitalized inexperienced recent “graduate” of a guru program and the seller is willing to sell to anyone, whether breathing or not, then the transaction has a high likely hood of ending in disaster.When both parties are knowledgeable and understand the risks of the transaction, nobody is “taking advantage” of anyone else.
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19 August 2024 | 244 replies
There are still a few seasoned contributors here I see who are gracious and answer the (what I call) 'stupid, inexperienced, low informed newbies questions".
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7 August 2024 | 20 replies
https://www.biggerpockets.com/blog/core-four-real-estate-tea...
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11 August 2024 | 49 replies
Again, I am inexperienced and am just trying to understand the situation I'd be in if that were to happen, and brainstorm potential strategies to use in that situation to make the best of the situation.The quote mentioned above.
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9 August 2024 | 47 replies
Seeing as though they also failed to get a complete list of damages during the moveout inspection, I suspect you were dealing with an inexperienced PM.
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5 August 2024 | 9 replies
There are many asset protection service companies (some invest heavily on advertising on BP) who take advantage of inexperienced investors own lack of understanding and upsell them on services that aren't necessary. https://www.biggerpockets.com/forums/12/topics/1185366-atten...
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5 August 2024 | 7 replies
It sounds like you are doing more than many PM's.Really screen someone that your going to turn over your property to as a lot of co-hosts I've seen are very inexperienced.
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15 August 2024 | 57 replies
If you’re a relatively inexperienced RE investor, I suggest you try renting out your home first to determine if this approach suits your style.
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2 August 2024 | 1 reply
In a “nutshell”What can work - partnerships where each person brings a different necessary asset (knowledge, experience, time, capital, credit) to the table, the responsibilities, rewards, and expectations are clearly spelled out, legal documents are created to head off disagreements, and the parties are compatible.What doesn’t work - partnerships formed by two or more inexperienced people looking for “comfort” rather than going it alone, and anything other than the above.