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30 March 2024 | 11 replies
It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.
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30 March 2024 | 18 replies
The point here is, because I thought my bid would only go toward 2007-2008 (and not subsequent years), I calculated my maximum bid way too low.I'd been trying to contact the owners (out of state, inherited the house, in financial difficulty themselves) in vain since September 2014, so I am almost 100% sure that they will not redeem the tax lien, or even know it's been sold.
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29 March 2024 | 1 reply
Subsequently, we discovered multiple leaks in the roof, resulting in water damage, including mold growth in our closet.
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27 March 2024 | 1 reply
Subsequently, we discovered multiple leaks in the roof, resulting in water damage on the top and bottom floors, including mold growth in our closet on the bottom floor.
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25 March 2024 | 3 replies
Over the subsequent 135 days, your parents could only successfully complete their exchange by buying one or more of the properties on their list. 2) Yes, your parents can continue to search for other properties until Day 45.
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23 March 2024 | 3 replies
Then higher amounts for 2nd and subsequent violations.
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23 March 2024 | 4 replies
If our rehab/the appreciation of the next few years raises the property value to the point where we'd want to pull equity out of it to use toward a subsequent rental, would we be able to on a DSCR?
22 March 2024 | 2 replies
Can someone provide me with some financing ideas other than the two that I just mentioned that would enable the other heir to receive cash from their portion of the equity based on its current assessed value and allow me to take ownership of the home, subsequently remodel it, and rent it?
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22 March 2024 | 0 replies
However, its subsequent challenges were a stark reminder of the risks associated with aggressive expansion without sustainable underpinnings.
25 March 2024 | 214 replies
Would this potentially make it legal for sliding scale fees to be negotiated?