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26 November 2024 | 7 replies
A huge wasted expense re-titling the property to a new LLC.
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4 December 2024 | 17 replies
You may have to pay an agent to make all these lowball offers, otherwise they may get tired of you wasting their time.3) What can you do to your current house to generate cashflow now or more in the future:- Finish the basement as a separate unit?
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1 December 2024 | 91 replies
No qualified commercial loans based on current interest rate and cap rate offered.To solve the problem, either the rate has to come down significantly (probably not going to happen in a few years), or the cap rate has to go up to 10s, which means the price has to be cut by almost half.For those folks that has a maturing commercial mortgage, they can not refinance based on today’s rate.
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5 December 2024 | 87 replies
Supply seems to have dwindled a bit as PPR has moved to mostly 1st liens and cut their rate to 10%.
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1 December 2024 | 32 replies
I also closed on another Class C home in Dec. 2023 - not rented out yet, trying to figure out whether to rent it out or sell and cut my losses.
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2 December 2024 | 33 replies
At face value, it sounds like you believe that some of the operators of MFH that have purchased in the last 18-24 months may have to cut losses next year providing new investors a much better deal.No.....
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26 November 2024 | 3 replies
I'm going to do this tomorrow as I need those forms by Wednesday, but I'm trying to avoid wasting that money (although it's arguable that it's still a good deal).I've emailed support, but they did not respond within business hours today, so I thought I would ask on here.
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30 November 2024 | 14 replies
I've kicked the can down the road, and it ain't good.If you don't think a higher paying tenant will not show up, I would consider cutting my losses and trying to sell.
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25 November 2024 | 12 replies
I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues.
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27 November 2024 | 6 replies
Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.