2 March 2025 | 4 replies
I am guessing this was written using AI based on the format and text.
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10 February 2025 | 1 reply
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
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11 February 2025 | 0 replies
There is a spot on the brick exterior wall that you can move with your foot.
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22 February 2025 | 25 replies
I think Jerry Farnum in Springfield's still their point of contact on new quotes if/when you need them down the line.
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1 March 2025 | 5 replies
Our primary goal is to retain as much equity in our properties as possible while leveraging outside capital to scale faster.Proposed Investment Structure:Investors contribute 30% of the purchase price and 30% of furnishing/rehab costs.Our LLC secures a new purchase loan in its name only, taking on 100% of the debt.This structure allows us to maintain 70% ownership of the property.Properties will be actively managed to maximize returns, likely achieving higher upside than long-term rentals.Proposed Compensation for Investors:6% preferred return annually.After the preferred return is met, profits are split 75/25 (with investors receiving 75% of profits on their portion of ownership).Profit Calculation:Revenue – Operating ExpensesExcludes mortgage principal & interest, as our LLC assumes full responsibility for the loan.Looking for Feedback:Is this structure fair and attractive to investors while ensuring long-term alignment?
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24 February 2025 | 11 replies
What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
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18 February 2025 | 7 replies
Especially on the rental side where prospective tenants may not care because they aren't living there long term.I live near a freeway where sometimes you hear it.
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26 February 2025 | 2 replies
Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.
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5 February 2025 | 29 replies
@Shiloh Lundahl come on man, really.....
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22 February 2025 | 9 replies
Ive owned property before so its not super scary to me, but I am far from experienced enough to see the intangibles that may cause problems down the line.