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11 November 2024 | 65 replies
I respect what he has done, I do NOT agree how but respect it.
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12 November 2024 | 11 replies
Quote from @Jay Hinrichs: my advice is to get some cash first.. dont be so focused on super high leverage. do seller finance first .. forget sub too until you are very well established and have ability to cash out the loans or refi on a moments notice @Don Konipol Don gave you chapter a verse about the sub to risk/rewards.
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11 November 2024 | 14 replies
Me: Old, RE is a side gig, transitioning from hands-on RE investing to minimal-effort cash flow, selling most of my residential RE (keeping non-residential properties), want to spend all my money before I die so my daughter will not inherit anything :)Given my best efforts, it's likely that she will inherit a respectable amount of RE.
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12 November 2024 | 26 replies
then u must have an established relationship with them bc most would just cut you out.
11 November 2024 | 3 replies
Now, each lease will be unique, so you can't apply this across all commercial leases, but commonly, LL is responsible for exterior and structural components, while tenant is reponsible for any interior items.How to best explain this: honestly, I would request the tenants have their own legal counsel review their respective leases.
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9 November 2024 | 7 replies
Many states allow landlords to enter the property with appropriate notice (often 24-48 hours) for repairs, even if minors are present, as long as it’s done respectfully and with prior notice.Discuss Lease Terms and Future Considerations: If this continues to be a recurring issue, consider including a clause in future leases addressing tenant responsibilities for cooperation with maintenance and repairs to avoid escalating issues.
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12 November 2024 | 15 replies
As a property manager, creating a standard that establishes the trifecta of benefits and tension is good.
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13 November 2024 | 18 replies
I treat tenants with respect.
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11 November 2024 | 16 replies
The purchase prices were 170k and 180k respectively and the budgets were 90k and 100k respectively and they could've gotten a better rate with a credit union, but a credit union will not supply the rehab funds - HML does. 3) The application would be taken in, project numbers would be held up to lender guidelines according to your exp and your credit.
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9 November 2024 | 1 reply
Of course establishing what the assessed value was 20 years ago is less obvious.