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9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
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14 January 2025 | 23 replies
The lender at that point can exercise the Due On Sale and it becomes a problem for the subto buyer, who now has to find new financing or lose the house to foreclosure.
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29 January 2025 | 40 replies
We’ve done this exercise for ads in our market and the search volume is negligible Share a screenshot of your GA for us if you don’t mind showing your seo traffic and conversions According to Google the volume of the below search terms which your site ranks for is negligible so very very curious how much seo traffic you are getting and if you have your goal conversions setup which I’m sure you do it’ll show the conversions from this traffic source Your screeenshots of form conversions mean nothing to me.
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14 February 2025 | 42 replies
I rarely exercise this clause unless it really is bad.
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10 February 2025 | 16 replies
I haven't yet established an offering strategy like this, and seems like an exercise for what is available.
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18 January 2025 | 12 replies
Then figure aprox what your refi numbers/value would be given those rents/expenses at a stabilized point, and that to me is your "all in" - From there it becomes an exercise of what it will take to get to that point or property condition?
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10 February 2025 | 62 replies
Then when I exercised the option within a few months.
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9 January 2025 | 4 replies
Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.
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7 January 2025 | 3 replies
That clause avoided a lot of headaches when the seller eventually exercised their option.Seattle permitting can really be a curveball.
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19 January 2025 | 14 replies
You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership?