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23 January 2025 | 6 replies
If they are up for renewal and you elect to non renew them you must stop accepting funds from the occupants after the lease expires (accepting rent after the lease expires may make it appear you have a tenancy at will agreement).
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23 January 2025 | 6 replies
It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.
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16 January 2025 | 5 replies
Other than paying for an appraisal or BPO (and maybe a credit report), you should not pay a lender anything until your loan funds.
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3 February 2025 | 56 replies
WARNING: if you do not prepare for this, you can enter a death spiral: deteriorating properties lead to lower rents, worse tenants, more wear and tear, even less cash flow to fund repairs and ultimately erode asset value.I do not mean to rain on your parade, hopefully, this is a helpful long term perspective.
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6 February 2025 | 12 replies
And they remain owner and control the funding aspects.
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1 February 2025 | 13 replies
I lost a fund that was going to build 25 of these they decided on Austin Texas. land is cheap in ohio. there's 5 plots of land right now for 40k or 50k and we build houses 10x land cost or 10% land cost of after built value. don't do existing it's not worth it.
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10 February 2025 | 59 replies
The insurer does not participate in any of the insurance guarantee funds created by California law.
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1 February 2025 | 14 replies
If the dye test fails, then the municipality may make require the funds for the repair to be escrowed in order to give a temporary permit.
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10 February 2025 | 20 replies
Some deals get all funds back, some most.
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20 January 2025 | 19 replies
its a simple matter of them being uneducated on what wholesaling is and they fail to realize that anything we do for them after closing is to help them and is a mutual agreement.