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4 October 2018 | 6 replies
You also have a legal obligation to try and procure a new tenant as quickly as possible to reduce the obligations of the departing tenant.
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7 October 2018 | 17 replies
. :)Same in Portland were you have UBER competition for lots you don't list back your not going to get the deals most of the time.. if its basic market retail then i agree with your thought process.. or maybe in the landlord arena but in flipping and building.. this is a quid pro row that is quite established and creates profit for those in the flipping business without them needing to spend untold thousands on trying to procure their own deals.
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4 October 2018 | 3 replies
Thank you, but how does the cooperating/procuring broker ensure that he/she gets paid if the listing agreement protects only the listing broker?
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21 October 2018 | 3 replies
I currently work as a Director of Global Procurement for a mid-size company in Stamford, CT.
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2 November 2018 | 3 replies
I plan on scaling the business as I procure more and more, and use the cash flows as future down payments on more properties.
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21 March 2019 | 25 replies
In one case, I do most of your listed VR services for a homeowner plus the initial 3-week set-up of the unit (design; procurement of furniture, kitchenwares, linens, etc.; photography, etc.).
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10 August 2022 | 11 replies
Does anyone from Des Moines know if this list exists or not, and should I keep trying to procure it from the water company?
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29 March 2019 | 3 replies
It will be conditional, on the procuring cause, which means if you pursue or buy any property their agent showed you, you will owe them their commission or part of it.
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15 March 2019 | 6 replies
For example, for commercial MFH I typically implement the following from his analyzer:Conservatively estimate expenses as 50%2% annual rent growth (again, being conservative)--I know this depends on the marketVacancy % = 1/[number of units in property]--ex. 1/6 unit, 1/8unit, etc.Ernest Money Deposit = ~1% of Purchase PriceCharge an acquisition fee since I'm procuring the deal = ~1%Charge capital transaction fee = ~1%Charge Asset Management fee = 1%Refinance after X years and sell after Y yearsGauge whether a deal is "good" if: Average Annual Return = 15%, IRR = 15%, Average CoC Return = 9%Can these measures be taken for 4plexes as well?
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24 March 2019 | 27 replies
You pay all that with real money out of your pocket if you can't procure tenant ASAP Even after it rented, there is no guarantee that tenant won't move out quickly because he doesn't like something - that's why banks consider that stabilization of a property takes two years.From my experience, there is always something wrong going in the first 5-6 months even with perfectly move-in ready properties.After all, if your Rent is projected at $1250/mo the price should be not higher than $125K.