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19 November 2021 | 2 replies
My friend/advisor with more experience says I am being a cheap knucklehead and that the $20k is not relative when you factor the forced appreciation and income/valuation of the improved asset(proforma), but, I think it is math and $20k is always relative and I have my criteria(4.5cap) and was very transparent about it from when I first submitted the original accepted offer, and my DD uncovered several hidden deficiencies that make the credit necessary to maintain my original underwriting numbers and even though I understand my friends rationale, I don't want to give in any more slack(adjusted to 4.4cap), than I already have...What do you experienced multi family acquisition people think?
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16 December 2021 | 6 replies
Maybe uncovering this could lead you to a new sales angle.
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24 November 2021 | 0 replies
.…..Spread Spices Evenly.....Cook Covered (initially) Low and Slow.....Every 30-40 Minutes Baste the Turkey Generously.....Uncover the Turkey to Add Golden Color and Crispiness.........ENJOY!
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25 December 2021 | 23 replies
I would only recommend it in certain circumstances such as when a material fact is uncovered during inspection that wasn't disclosed or factored into the price (it should be a good reason that perhaps neither party knew about).
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6 December 2021 | 2 replies
There is an additional uncovered parking space adjacent to the house which was intended to be reserved for repair persons, contractors, but they always street park.
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8 December 2021 | 7 replies
@Ralph Ace When I was practicing in Mass and Maine, the guidance was that the report was the property of the person who paid for it - normally the buyer.Other parties could ask for it, but it would be standard practice to ask them to pay for it.That said, the seller would be required to disclose any defects that were uncovered in the inspection.
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7 December 2021 | 0 replies
This oftentimes uncovers additional tax savings and allows you to utilize bonus and accelerated depreciation.6.
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21 October 2021 | 2 replies
However, if your inspection were to uncover a few items missed in your initial walkthrough, such as a soft spot in subflooring or an electrical issue, it’s a lot easier to ask for $1,000 here or there compared to a complete $30,000-$50,000+ rehab.The obvious answer is yes, bring your general contractor with you during the initial tour.
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10 December 2021 | 3 replies
He uncovered issues that I would not have found myself.
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19 November 2021 | 34 replies
Take Rivian as an example which is currently valued at 147 billion dollars, keep in mind this company has sold less than 200 vehicles which were all prototypes, that means a supposed tech car company that does not have a proven model (yes its backed by large mega-corps, but keep in mind GM almost bought Nikola recently before it was uncovered to be a complete scam), is somehow valued at more than 2x the likes of Ford Motor Company and GM.