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12 April 2024 | 2 replies
In the U.S. the primary ways that you can raise money are by joint venturing with someone, syndicating, or starting a fund.
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11 April 2024 | 1 reply
Purchase Price: $270,000 (jointly with a partner)Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)
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11 April 2024 | 9 replies
We are married filing jointly with an income close to 150k last year.
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10 April 2024 | 0 replies
The only exception(s) to this (if any) are the items reflected on theaccompanying Escrow Holdback Agreement, if applicable.Citizens is authorized to disburse the final draw in the amount of $________________ in accordancewith the executed Disbursement Authorization on file.It is understood that, in the event the Borrower(s) are dissatisfied in any way whatsoever with theremaining construction after completion by the General Contractor, their sole recourse is against theGeneral Contractor.Borrower(s) and General Contractor, jointly and severally, agree forever to fully protect, defend, andsave harmless Lender from and against any right, interest, claim, and each and every of them, ofBorrower(s) or General Contractor against the Lender, against all losses, costs, damages, and attorneyfees and expenses of every kind and nature which the Lender may suffer, expend, or incur under or byreason or in consequence of holding the remaining proceeds as provided herein."
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9 April 2024 | 13 replies
When you each sign as co-guarantors you are signing jointly and severally, not for only 20% of the loan amount.
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9 April 2024 | 6 replies
Whether it’s higher premiums, inferior coverage, or other, my experience suggest to not make a claim unless costs exceed $10k.
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9 April 2024 | 10 replies
My wife and I joint W2 income is above $150,000 and I can’t write off any repairs and improvements.
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9 April 2024 | 1 reply
This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)
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8 April 2024 | 0 replies
The year before informing me of this divorce he had begun to secretly take out several loans on our joint banking accounts and against 2 of the 3 paid off vehicles then didnt pay them.
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8 April 2024 | 9 replies
For example, what state is the property in; did your parents hold title jointly or as tenants in common; did your mother or father die last or did they die in a common disaster; did they leave a will or did they die intestate; if there are wills who are the beneficiaries, if not, are you and your sister the heirs and are there any other heirs; was the property their or the last to die's homestead and are there any creditors of your parents estates.