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28 June 2024 | 100 replies
- personally at SMARTLAND as experienced heavy lift multifamily operators - it is a complex process and requires a team, time and skill - Yes, you can lift a property and value moderlty quickly if you have the right tools and process in place, no doubt, but you have to also have the correct financing tools in place and appropriate cost-basis to withstand turbulence along the way - (no straight path) - the short term mezz loans into this constricted/constrained lending environment is tough, even more tough with raising cap rates, market repricing = requires more time to season and continue to hold, unfortunatley as we have discuss to the max on this forum time was not on this operators side with the short term adjustable mezz loan -**Pref Equity has entered many deals in the past 18 months advance of LP positions, also took a GP slice along the way ----
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22 June 2024 | 22 replies
You should definitely look into your PM's licensing and take up complaints with the appropriate state agency.Lastly, I'm not sure why you would want to stick with a property manager that you are having this much difficulty with.
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22 June 2024 | 17 replies
(e) While a person may examine and consider a criminal background check, credit history, or rental history in reviewing an application for rental housing, the person shall review and consider additional history in reviewing an application for rental housing, the person shall review and consider additional information provided by the rental applicant, including, but not limited to, personal references, recency and status of any evictions, and any actions taken by the rental applicant to resolve past evictions, credit challenges, or alleged damages, the recency and severity of any convictions, the violent or sexual nature of any prior convictions, the facts or circumstances surrounding criminal conduct, the age of the applicant at the time of the conduct, the age or vulnerability of the victim of the conduct, evidence that the applicant has maintained a good tenant history in the intervening time, and evidence of rehabilitation efforts, consistent with state and federal law, including, but not limited to, fair housing laws.
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23 June 2024 | 14 replies
The exception to that would be health/safety items required to rent/occupy is such as GFCI outlets in appropriate locations. 2.
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21 June 2024 | 2 replies
Their accountant will have to adjust the %s reported on their tax return appropriately.
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21 June 2024 | 4 replies
For due diligence, is it appropriate to ask for records showing current tenants are paying their rent?
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21 June 2024 | 4 replies
Approaching the end of my first BRRRR (rehab to be done in 2 weeks) and I'd like to reward my contractor with a cash bonus; I'm wondering what an appropriate amount of money is to give him.
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22 June 2024 | 14 replies
Allows you to go to a professional to seek appropriate guidance than trying to figure out on your own.
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21 June 2024 | 6 replies
@Tyler, when individually appropriate, for investors who have a need for immediate cash, we've also refinanced the property modestly (20-30% LTV) to provide mom/dad with the cash to bridge the two-year gap.
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21 June 2024 | 13 replies
These can do quite well in the Denver area if well furnished and marketed appropriately.