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18 April 2020 | 9 replies
Right now, I would probably use 20% or more for the next 6 months and gradually reduce it to 10-12% 12 months from now.Once you find your rents and expenses, create your own proforma P&L statement.Then add debt service line to the P&L to see if your projected cash flow is positive and meets your criteria.
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16 April 2020 | 10 replies
If they break up, they are both responsible until it is resolved with a new tenant I approve.Negotiators: Applicants who immediately ask me to reduce rent, I drop them from consideration.
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15 April 2020 | 2 replies
Buy right and you'll have reduced living expenses, build equity, and gain experience as a LL.
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8 May 2020 | 46 replies
Now second generational tenant lease up at reduce rent rates then when purchased and equity from down payment is mostly gone.STNL can be great properties if you buy with the right locations for the right terms.
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15 April 2020 | 1 reply
And, many landlords are reducing rent, or forgiving portions of rent.
26 April 2020 | 8 replies
On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so what they have into it is reduced?
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16 April 2020 | 3 replies
Once they have exhausted these resources, we have asked them to provide proof of either having been laid off or that their hours have been significantly reduced due to COVID-19, then pay what they can.
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23 April 2020 | 20 replies
No eating out, no travel, no gas and other expenses are reduced.
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18 April 2020 | 9 replies
That cost may reduce your monthly cash flow.
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29 April 2020 | 6 replies
You are eligible to reduce the gross rental income with expenses that you may have.If you want a property in an LLC - you may need to speak with an attorney/title company to transfer the title.