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25 September 2024 | 1 reply
Some HOAs might carry insurance for "loss of income" due to such situations, but it’s not guaranteed across the board.
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25 September 2024 | 1 reply
The most recent job fair featured over 20,000 open positions.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.
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25 September 2024 | 4 replies
And it can change each year.I literally just had a tenant's portion go from ~40% to 100%... that means they completely lost voucher coverage and are on the hook for their entire rent.People don't seem to understand that S8 rents are not guaranteed.
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27 September 2024 | 11 replies
It's no guarantee but it's a good place to start.
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25 September 2024 | 4 replies
The flip side I've noticed is they're usually personally guaranteed which may or may not be a deal breaker for people
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25 September 2024 | 5 replies
The upside is, even with a personal guarantee, the mortgage will not show on your personal credit report.Lastly, in both, while LLCs do offer a level of protection, which is certainly valuable, they also require more work.
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26 September 2024 | 17 replies
Make sure any contract provides that seller personally guarantees that he has turned over all information, and that it is all accurate.
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26 September 2024 | 6 replies
Giving up a guaranteed increase in value with them using their own capital to increase the square footage would seem like a no brainer, but how much are you losing if you remove the drive thru and can't put it back.I would talk to commercial brokers and other owners in your area to see the value of a drive thru.
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24 September 2024 | 3 replies
So far, our local bank that has financed all these projects has required personal guarantees of all four of the partners.
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25 September 2024 | 14 replies
Guaranteed rent as in 99%+ sections8s