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26 December 2024 | 7 replies
Then tell them you're willing to forgive their entire balance if they're willing to pay x and move out by x date.Do not cancel the eviction though until you confirm they're out and held their end of the agreement.
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30 December 2024 | 11 replies
If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.
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28 December 2024 | 16 replies
Show the lease agreement, show his rent payment history, and show any written evidence from the tenant that he admits to being late/unpaid.
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23 December 2024 | 3 replies
My tenants Lease Agreement expired May 2023, putting them Month to Month, is this still applicable?
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27 December 2024 | 8 replies
After a bit more research, I actually think renting a place will get me started faster and earn some experience doing Airbnb with a little less risk involved.Obviously I still need to be concerned about not violating a lease agreement by doing so and I would likely live on the property and lot or all the time.Ownership is still the ultimate goal, but this looks a faster party to self driven income.
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14 February 2025 | 161 replies
closing time line or enter an option to purchase agreement which can easily run for a year.But 20 year amortization is very short.
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22 December 2024 | 7 replies
I know if I were to send an operating agreement to a lender that reads "LP member will receive return of their capital and 20% annualized return" they would not approve the loan.
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28 December 2024 | 11 replies
Disclosure form lists the address as: Development Name Lot #, Desirable City, Zip of less desirableAgency Consent and Purchase Agreement list Street Name, Lot #, Desirable City, State + Zip.
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24 December 2024 | 14 replies
Here are a few tips:Asset Management: Holding your property in the LLC can protect your personal assets, but check with an attorney or CPA to ensure it’s set up correctly and complies with local laws.Rent Collection: Collecting rent through the LLC simplifies accounting and keeps personal and business finances separate, which is a big plus for taxes and liability.Property Management: Since you’re self-managing, the LLC can be used to formalize agreements, pay vendors, and manage expenses—treating it like a professional operation.Just make sure to consult an attorney or accountant to align your setup with your goals.
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27 December 2024 | 93 replies
Costs are too high and I'm into this for over 100K.I have feelers out for someone who might accept my lot as participation for an equity agreement in a new build.