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11 February 2025 | 31 replies
I think a lot of new LPs look at fees a bit too much where at the end of the day its LP returns in your pocket.
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17 February 2025 | 17 replies
What are options for having our investors pay their share of this monthly fee?
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18 February 2025 | 2 replies
If this property is hard to rent, or is functionally obsolescent (only 1 bathroom, no yard, etc), or has deferred maintenance that will be costly, or is in a location that is not appealing to Tenants, then maybe a sale would be a good option in favor of a property that has better Tenant appeal, which will likely increase rent and avoid long vacancies in between Tenants.An option to consider....
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12 February 2025 | 3 replies
If you are looking for an investment option that they connect with, have you asked anyone at ETC for options?
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12 February 2025 | 13 replies
Quote from @Clayton Silva: Definitely helps to get quotes from a few places, problem is that options are shrinking as more carriers leave the state of CA.
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20 February 2025 | 7 replies
Based on the fact that new construction is currently at a relatively low premium when compared to existing construction, I think this strategy might be a good option.
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23 February 2025 | 4 replies
We've since increased their rent to market rate, and now we're experiencing late payments.Family Member as Tenant:Issue: Our family member is behind on rent for more than 5 months, with a rate below market due to their relationship with us.Behavior: They have made excuses about financial struggles, yet have been seen treating their new girlfriend to fine dinners and outings.Impact: Both tenants consistently pay late and have shown complete disrespect to us, the property owners, despite efforts to ensure their happiness and success.We'd hate to impact our relationship with them, but right now, they're hurting us and our pockets.
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19 February 2025 | 17 replies
Quote from @William Weston: That would be an option but I have not seen multiple family homes that are big enough for a family of 5.
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22 February 2025 | 8 replies
However, some lenders may have guidelines on how soon you can move in, so it’s worth double-checking if they have any seasoning requirements before converting to owner-occupied status.Refinancing Options – If your goal is to eventually refinance into a conventional loan or an owner-occupied loan, be aware that most lenders require 12+ months of documented 1099 income for qualification.
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8 February 2025 | 2 replies
Hey Nicholas, thank you so much for the advice, I will give a check on that option.