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30 April 2024 | 3 replies
I know there are some DSCR type of construction loans that don't factor in DTI.
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2 May 2024 | 3 replies
The factors you are dealing with are the construction type, age of the roof and it's hurricane protection, the age of your wiring, age of HVAC, and age of plumbing.
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30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
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1 May 2024 | 8 replies
I’ve never felt with that type of unit so I would just be cautious and maybe try and connect with someone that has down it already.
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2 May 2024 | 4 replies
I have not done too many deals in your market, and I anticipate things are nuanced depending on the property type and condition and based on the personality of the owner....BUT it is common and customary in my world, which is usually retail/med office, for tenants to have at least some time of free rent during the buildout.We usually structure things as follows, and you can change the number of days around but this is traditionally what we at least shoot for when we have a tenant we are repping.- Lease commencement date is to be the 6/1/24 or when the landlord's work is complete. and we traditionally have penalties in place if the LL's work takes too long and pushes us past our initial timeline.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.
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30 April 2024 | 13 replies
@Robert S. sorry you're experiencing this--I've been in your shoes, and it's no fun.Luckily, I have extensive experience with this type of issue (I learned the hard way when I bought a property that was basically built above a subterranean river that caused three basement floods in about six months!).
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30 April 2024 | 0 replies
The ordinance, which is a scan of a 1996 document appears to be silent on the subject of what happens when a unit is or becomes vacant.
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3 May 2024 | 32 replies
The data you get from FurnishedFinder doesn't make it easy to analyze a prospective area for investment, and as far as I know, there isn't an equivalent AirDNA-type service that produces great data for MTR investors.
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30 April 2024 | 9 replies
Documenting upgrades, renovations, or investments in maintenance can provide evidence to support a lower valuation.
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2 May 2024 | 9 replies
There are two types of investors here:1.