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3 March 2011 | 24 replies
No one at either bank is going to care, and neither will the IRS.The only thing semi-unusual that will happen is that the maker's signature will absolutely be verified (banks have different levels for where they do this, but I'll wager none is higher than $25,000), but outside of that, this is a run-of-the-mill deposit.If you get a wire, the funds will be available immediately, but the bank will sting you for $30 for the privilege of processing an electronic transaction that cost them about three cents to administer.If you get a check, there will likely be a considerable hold until the funds have absolutely cleared, unless your account routinely has checks in these amounts going in an out and the bank is comfortable giving you credit sooner.If you get a wire, I would ask for a short letter from the sender that says this is a loan repayment.
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13 July 2015 | 4 replies
Heres a few qualities of a good tenant...maybe you guys can add to the listPays rent in advance of due dateNotifies me of repairs needed, instead of letting my property deteriorateLet's me know of any unusual or illegal activity from other tenantsUnderstands when management is trying to resolve a problem, and it takes longer than expected.Respects other tenantsLived at previous resident for 5+ yearsHas the same job for 5+ yearsTreats my property as their own, and takes care of it
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18 April 2015 | 8 replies
Also, finding a balance between how much to offer and time frame is something I am uncertain of.
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4 August 2011 | 25 replies
These companies "screen" the people to make sure they are not faking stories, but is not unusual to hear stories about X company making people fake stuff as they are pressured to find people as their business depend on it.But when it comes to fix and flips kind of shows, I don't see a reason for people to lie other than exaggerate their behavior.
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12 February 2012 | 2 replies
It's not unusual for a lender to give you 24 hours to supply something.
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18 March 2013 | 1 reply
It really depends on your goals with a property and hold and exit time and expected returns in a worse case scenario.Many buyers bought in 2009,2010 when the market was uncertain and now have big gains to cash in.
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15 February 2016 | 16 replies
I suggest you drop all references to NOI.Nevertheless, the language and structure that you outlined are highly unusual.
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21 November 2017 | 9 replies
But I'm uncertain of when that will be.
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17 August 2018 | 18 replies
Now I am more uncertain that when I came to this thread.
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15 July 2016 | 11 replies
It is a little unusual to be honest that you can get a loan to do a ground up construction hotel without any hotel ownership experience but if you have a strong personal and other assets or investors they can maybe look past that.