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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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19 February 2025 | 88 replies
So the answer is by doing some work in being your own GC & Project Manager.
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6 February 2025 | 2 replies
Sounds like a good opportunity but I am tied up with my own stuff...Under 100kNeeds: Roof, some plumbing and electric, kitchen cabinets and counters and a vanity He put in a good amount and has a project underway but just wants out.
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30 January 2025 | 3 replies
That would be the best move for you to find good contractors and reliable ones for your projects.
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6 February 2025 | 5 replies
Estimates and projections are great, but experience gives you the real numbers!
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11 February 2025 | 5 replies
Best, Alli McGee Actually it doesn't allow you to open your projects.
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13 February 2025 | 5 replies
Hey everyone,I'm new to real estate and I’m looking for feedback on a project I’m working on.
24 February 2025 | 5 replies
Hi Seona,I saw your comment and was wondering if I can help you find your next project.
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22 February 2025 | 2 replies
I’ll need to refresh my skills and knowledge (project manager).Has anyone here ever able to assume the loan on the original terms under the Garn St-Germain Act of 1982 in a divorce case?
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21 February 2025 | 9 replies
I have worked on a few projects in Scarsdale and know the appreciation is there.