Forest Wu
List of Syndicators/GPs to AVOID?
14 August 2024 | 134 replies
If you did in fact sign and send in funds directly to the direct ownership entity and they then placed you in a feeder fund structure, it would likely trigger GP liability.
Heather Hall
DSCR Loans/ Hard Money Lenders
6 August 2024 | 15 replies
Traditionally, DSCR loans that allowed STR have always wanted DSCR to be calculated on long term rental rates OR 12 months of actual performance or some heavily hair cutted version of Air DNA and all of these products would price gauge on rate.
Abigail Irvine
Advice On Getting Started
4 August 2024 | 7 replies
I’m having a bit of paralysis when it comes to actually pulling the trigger on any deals.
Ben Curry
LLCs and Property Insurance
5 August 2024 | 9 replies
Does quit claim deed into an LLC trigger any title tax?
Taylor Cook
Transfer into LLC- Warranty of Quit Claim?! Help!!
5 August 2024 | 13 replies
The problem if you quit claim the property from you to the LLC you may trigger the "due on sale" clause of the mortgage.
Nick Sansivero
Will transferring ownership into an LLC cause issues if I try to complete a 1031?
6 August 2024 | 14 replies
So I appreciate your perspective here as I make a decision..And the reason I wanted to transfer it to an LLC now instead of after the 1031 is complete is mainly precautionary, because I have approval from my lender now to complete the transfer, whereas I'm not sure if my future lender for the replacement property will allow it and decide to trigger the due on sale.
Matthew Sichel
Time to refi or wait a bit longer
5 August 2024 | 6 replies
If you do pull the trigger, I would float the rate until closing and keep a pulse on the 10yr note.
Charles Webb
New to Multifamily
5 August 2024 | 10 replies
If you've educated yourself and the numbers make sense, pull the trigger before someone beats you to the deal.
Kayla Palmieri
Backing out after under contract
5 August 2024 | 8 replies
He will tell you, INTER ALIA, that you want inspection, financing, attorney review, title review, insurance, environmental, and survey review.Second, get a GOOD home inspector lined up.Third, get your banker lined up.THEN you can start looking.Also, keep in mind that backing out of a contract must relate to the contingency being used, and can only be triggered AFTER a good faith effort comply with/fulfill the contingency.
Andrew James
Carribbean hot spots within the next few years
10 August 2024 | 85 replies
Still probably won't pull the trigger---hurricanes can really kill your cash flow for very long periods...but will think about it.