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18 September 2024 | 67 replies
I rejected a hare-brained project proposal, and a -$14k charge stayed on my account forever.
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11 September 2024 | 3 replies
I'd like to put together professional proposals but don't know enough here.
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15 September 2024 | 22 replies
I did a light review on some of the promises and proposals this company made and there's no way my father would go for that.
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11 September 2024 | 9 replies
Fiduciary responsibility could be in question if a deal closed and the apparent goal is proposed by some legal team that it was mostly done to not lose a large nonrefundable earnest money and/or to get a quick pop of ca$h on an Acquisition Fee.
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10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
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10 September 2024 | 2 replies
In our city commission meetings, there are a ton of people (neighbors of proposed developments) advocating against new developments.
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10 September 2024 | 2 replies
Start by crafting a clear and compelling investment proposal that highlights the property's potential, your investment strategy, and projected returns.
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12 September 2024 | 54 replies
Most legal pubs (at least the adjudicated publishers in CA) don't require the proposed exec or admin to provide their mailing address.
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11 September 2024 | 13 replies
I think if a prop is defeated, there should be a minimum number of years before it can be proposed again (I like 5 years).If it passes, jurisdictions that have laws to rent control single family units, that is currently not valid due to Costa Hawkins, will become valid.
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7 September 2024 | 6 replies
In what way do you propose?