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26 November 2024 | 35 replies
Several things to consider: 1) One of the main purposes of segmenting your assets into separate LLC's is so that your personal net worth or equity in other business ventures or properties isn't exposed, so unless you have a high net worth or a lot of equity in a property, it might not be worth bothering going the separate LLC route, especially when it restricts your financing of the property. 2) Most any commercial financing you get from a local bank for a small property is going to have recourse anyhow and require that you sign a personal guarantee, so you're still personally on the hook to the bank even in the case of a commercial loan. 3) If you're a newer investor and buying a deal that's tight on cash flow, or if you don't have a ton of cash sitting in the bank already, your greatest risk factor as an investor is your investment failing economically due to poor financing terms or not operating the investment properly, not because you get sued.
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25 November 2024 | 16 replies
You can do everything right on a flip and just have the timing be bad or just have it sit for no good reason.
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22 November 2024 | 9 replies
They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.
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20 November 2024 | 5 replies
Quote from @Chris Seveney: Quote from @Juan Vargas: I have a new construction that has been sitting on market for some time.
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20 November 2024 | 8 replies
Letting it sit vacant has its disadvantages as well.
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20 November 2024 | 9 replies
Tenants don't have spare money sitting around, why would you think suing would do anything but cost you money and time?
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20 November 2024 | 11 replies
Divorces are not usually amicable so trying to get another party to agree to make money on the house (and move you out) will be time consuming and very unlikely.This statement though, "it is just sitting due to interest rates", is troubling.
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26 November 2024 | 46 replies
I dont think anyone is just quitting their job to sit at home and do nothing.
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22 November 2024 | 5 replies
For what it’s worth, Montgomery’s vacancy rate is lower than that of Miami’s, which sits at 12.65%.
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21 November 2024 | 0 replies
It was sitting on the market for a few months so I offered well below listing price and the rest is history!