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4 December 2024 | 3 replies
Hopefully, it was based on their ability to successfully execute a transaction, and not just because they were cheaper than everyone else.
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3 December 2024 | 21 replies
Bonus question: Should I execute the leases under the business name and tenant’s name, or should the leases be in my personal name and the tenant’s name, considering the loan is in my name?
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6 December 2024 | 51 replies
It must also be executed and acknowledged with the same formality as a property deed.So what got me to thinking about starting this thread is that all of my children are single, but I am thinking about helping them get started in their own business prior to them getting married.What I don’t want to see happen is someone marry them and then kick them to the curb and then want half of everything they worked for or I help them with.
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3 December 2024 | 9 replies
One of the project neighbors slowed the project by 6 months by appealing the staff decision through design review, planning and zoning and city council.
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9 December 2024 | 21 replies
These have a much higher CoC ranging from 18-30% depending on how involved you are, the property specific and its execution from a design/amenity standpoint to management.
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7 December 2024 | 35 replies
You can reach out to me via email, this is something a lawyer can review your loan documents and lease, prior to execution.
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2 December 2024 | 4 replies
They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.
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9 December 2024 | 20 replies
.), easily get cold feet, battle financing issues or sometimes just ghost you at closing.Selling a home to a tenant is probably the better path (lease option), but you really have to work with them every month and coach them to get them ready to buy the home, otherwise, 70% will not execute.
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30 November 2024 | 12 replies
I use Executive Villas and they just charged me $500 to repair some table legs and replace the batteries on a remote.
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2 December 2024 | 8 replies
It's great to dream, and dream big, but then you have to create a plan to reach your dreams - and THEN execute the plan.