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15 November 2024 | 7 replies
Changes some of my answer below, but here would be most of the types of transactions you would have in these accounts and between them.Property transactions would be: all property specific rents and expenses, allocated expense transfer to the master LLC and transfers to master LLC bank account for profit AND/OR property management fee.Master LLC transactions would be: Shared expenses going out, reimbursements/transfers from properties for their allocated share of those expenses coming in, the transfers from your properties deemed as profit AND/OR property management fee and then transfers to your personal accounts deemed as owner distributions.Other transfers that could occur is if the master LLC needs to transfer to the properties for capital expenditures above and beyond the reserves you might leave in their accounts.
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12 November 2024 | 6 replies
Thank you in advanceDepending on tree type might be able to trade or sell for the workCost for all utilities and street will vary depending on the type of road you will have inverted or crowned. - how many catch basins you will need, hydrants - etc.Very important you must utilize both sides of the road to maximize your effective cost for the road and utilities when building.
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13 November 2024 | 1 reply
(Current cost to bring in water line is around $140k or a well starts around 40k with no guarantee of hitting water) What made you interested in investing in this type of deal?
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13 November 2024 | 0 replies
What made you interested in investing in this type of deal?
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12 November 2024 | 0 replies
What made you interested in investing in this type of deal?
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13 November 2024 | 17 replies
it typically takes a few years just to recover the closing costs. those are the types of things that get sugarcoated / ignored and they shouldn't be.3 separate recent sources show that it is cheaper to rent than buy at high LTV in virtually every market.
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12 November 2024 | 1 reply
What made you interested in investing in this type of deal?
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14 November 2024 | 21 replies
But then again, it might depend on the type of business.
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14 November 2024 | 30 replies
To me they really are just two different types of assets in two different types of markets.
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13 November 2024 | 23 replies
For instance, not knowing what type of panels are on the naughty list in the eyes of the lender will trip you up during a DD period if you haven't underwritten your line item expense of replacing them.