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10 May 2024 | 15 replies
If your CPA isn't comfortable or knowledgeable about real estate investing, it may be time to seek out a new CPA.
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9 May 2024 | 4 replies
I am seeking a partner to collaborate with on completing a property flip in the Riverside or Orange County area.I am specifically interested in working with an individual who has experience with more than 10 successful property flips.Kindly inform me as I am prepared to initiate the process.
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9 May 2024 | 4 replies
Also don't forget to look into your tax treatment for signage.
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14 May 2024 | 201 replies
If I were you, I would talk to a general contractor in your area and seek for their guidance/suggestion on this, you may have to spend money, but it's a good investment to have
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10 May 2024 | 6 replies
The borrower is not personally liable for the loan, and the lender cannot seek additional repayment beyond the collateral.Since the borrower is not personally liable, they can choose to make larger or additional payments to pay down the loan faster if they wish.
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11 May 2024 | 38 replies
The Sunshine State has become a magnet for individuals seeking a lifestyle that offers more sunshine and less snow.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
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10 May 2024 | 4 replies
Readers should seek professional advice.
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7 May 2024 | 2 replies
@Miranda Yanez Are you seeking an equity partner for your projects or a capital source for new financing?
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8 May 2024 | 5 replies
It doesn't matter whether you qualify for Section 121 treatment on the other half, which I hope that you do.