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13 March 2024 | 7 replies
It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?
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12 March 2024 | 41 replies
If not financable, this would likely eliminate qualified buyers and drive the pricing down.I've certainly come across plenty of wholesalers who conduct their business with the same integrity as a good sales agent.
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11 March 2024 | 27 replies
A lot of Property Management Systems don't fully integrate with all of those sites and the ones that do typically require you have the least five properties in your portfolio to upload.
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11 March 2024 | 20 replies
I personally, would never rely on an appraiser's opinion (other than mine of course), in assessing a deal, but unfortunately, they are an integral part of the financing and that should be taken into account.
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9 March 2024 | 17 replies
I heard they were going to that with the integration with Expedia.
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8 March 2024 | 4 replies
I manage a short-term rental in San Diego and am considering integrating my in-laws’ STR under this operational model to reduce taxable income.Establishing an LLC seemed like a way to merge our business accounts, potentially decreasing taxable income from our STR by accounting for expenses from an added unit.
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9 March 2024 | 21 replies
Be mindful of the state of the property's general structural integrity as well as the roof, HVAC, plumbing, electrical, and door systems.Create a comprehensive scope of work that describes all the fixes and enhancements that are required.
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8 March 2024 | 77 replies
I purchased the program based on the assumption that the skip tracing would be an integral part of the program.
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7 March 2024 | 12 replies
If there's ANY concern about the foundation or structural integrity, I call in a foundation pro, or I walk (foundation/structural issues are usually my one total deal-breaker).
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7 March 2024 | 7 replies
We take this to mean (based on 100s of real tax court cases) any activities integral to the business of running a rental.