24 August 2024 | 6 replies
(Both toilet supply line failures if that’s worth anything.)I went with their remediation company (Service-pro) and their contractors for a few reasons. 1)They started everything the day of the leak/flooding. 2) They guaranteed everything, out of pocket costs, timeline, quality of work, a year to find any defects, etc etc 3) it was quick, painless, worry free.
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22 August 2024 | 1 reply
.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes.
30 August 2024 | 70 replies
The possibilities are there but never guaranteed.
21 August 2024 | 4 replies
Our counterparty has an attorney, who I believe would draft up the promissory note and personal guarantee documentation.
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22 August 2024 | 5 replies
Yes, you should be able to refi on a rate drop in the near future, but that's not guaranteed.
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21 August 2024 | 1 reply
1) Significant Rate Decrease2) Minimal Rate Decrease3) Keep Rates Steady I do not think it changes anything - they already are pretty much guaranteed to cut rates.
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22 August 2024 | 16 replies
Sponsors made millions or tens of millions in acquisition fees, loaded them up, and were happy, in some cases, to layer in 1031 exchange facilitation into these types of deals using DSTs as the cherry on top for even more guaranteed, often upfront, income.
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22 August 2024 | 18 replies
Once the fee is paid in essence the realtor loses the first position to do business with the client so if additional properties are to be purchased the realtor isn't guaranteed that business.
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22 August 2024 | 3 replies
He accepted then hemmed and hawed at closing, but did sign. 6 months later I sold the warehouse for $1,025,000 to an Amazon contractor, and refied the office warehouse loan to a fixed 20 year 4% interest loan with no personal guarantee.
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21 August 2024 | 4 replies
Most hard money loans are personally guaranteed, which means you will take the loan out in your LLC, buy you will qualify with your personal credit.