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15 May 2024 | 5 replies
@Viral Mehta While self-management is definitely feasible, it does come with its own set of challenges, especially when managing from an international location with significant time differences like India.You’ve outlined the major tasks well, but there are a few additional considerations:Vendor Relationships: As a property manager in the Dallas-Fort Worth area, I can confirm that having established relationships with local vendors can significantly impact both the cost and quality of maintenance services.
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15 May 2024 | 16 replies
So basically, to know if you are getting less return than the direct to Rise48 people, Spark would need to disclose their arrangement with Rise48 and you would need to look at your own subscription docs with Spark to see if they outline their own fees and carried interest.Although, I can speculate with pretty strong certainty that you are receiving a slightly lower return than direct to Rise48 investors.
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13 May 2024 | 7 replies
So I decided to do a letter of intent outlining the deal I would like.
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14 May 2024 | 14 replies
From there you can calculate approximate cash contribution from money partner and outline your responsibilities as the operating partner into an operating agreement or joint venture agreement.
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14 May 2024 | 17 replies
I don't have financing for lack of trying....I have been working on financing for the last 9 months or so....I have been struggling for all the reasons you outlined and am not willing to walk away so am paying out of pocket to get this across the finish line.
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16 May 2024 | 158 replies
However, the call to be honest was very underwhelming -- the guy just mainly explained how they worked/operated and asked a bit about my background/financial goals -- there was zero information on anything pertaining to my financial situation (even though they have this information).After the call, I was sent an email with a PDF brochure, outlining generally what they do/how they operate and a link to pay for $23,750.
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10 May 2024 | 4 replies
The agreement should outline all of that, so it is impossible to tell.
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11 May 2024 | 37 replies
I decided to try this with a totally different niche a d course outline for crypto investing during this year's parting of the sea or great divide or whatever and the same thing happened, just in case anyone wanted to get the courses these dudes offer for the actually price they start with and not the blue 42 hook line and sinker stinker crap they soil our time with..good luck to a yone trying to do etter for themselves and I hope we all get it right during this Ai era so we don't fill in the suicide line at the new world order building!
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11 May 2024 | 10 replies
In order to non-renew a lease agreement, the housing providers must have a legally allowable cause AND legally inform the tenant that they are initiating a no-fault eviction on the tenant.This is a major change in Colorado contract law as housing providers may only non-renew (or no-fault evict) a tenant for one of the below reasons as outlined in the new law.Legally allowable reasons to non-renew a lease agreement (no-fault evict):= Demolish the property= Convert to non-residential use= Convert to short term rental= Owner moving into propertyIf the owner IS moving back into the property there are additional specific requirements – including timeline requirements to ensure the property may not be re-listed for rent for a specific amount of time.= Owner selling the property= Substantial lease violations= History of non-payment of rentThe history of non-payment of rent is conditional and specific as to the details and timeline of non-payment.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.