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27 September 2021 | 36 replies
Assuming you only hold the properties working capital in the account and withdraw excess regularly, it should be low risk.
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30 December 2020 | 4 replies
I have a little motel in Garretson and over the pandemic we have seen guests less than a week almost dry up completely.
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4 January 2021 | 3 replies
Well…”We sort through all commercial dataWe go in the dark vacant buildings We build the Rent RollWe figure out the disposition valueWe write the PAWe wait for the Buyer who doesn’t show upWe calculate the Cap RateWe negotiate the best termsWe verify rentable vs usable SFWe pick up the earnest deposit checkWe meet the photo/video guyWe pay the photo video guyWe build the Pro FormaWe tour in -20 degreesWe over-pay for the commercial dataWe work with the LawyersWe meet the Inspector at the propertyWe write the LOIWe redline the LOIWe see the rat in the dry toiletWe market the property everywhereWe pay all marketing costsWe make the drone videosWe talk to all of the nonqualified buyers We draft the Cancellation to PAWe order the SurveyWe send the listing to all commercial brokersWe talk to the CityWe get all the phone callsWe return all the phone callsWe pay for the For Sale signsWe install the For Sale SignsWe handle all emailsWe open escrowWe write the second PAWe write the third PAWe pick up the Floor PlansWe draft the AmendmentWe target buyers in other statesWe save the dealWe get the Estoppel CertificatesWe explain SBA financingWe review the LeasesWe negotiate lender consentWe draft the 2nd AmendmentWe show the property when you’re on vacationWe build the FF&E listWe verify inventory pre-closing We handle the final walkthroughWe update the snowy picturesWe provide the tenant contractor namesWe give the buyer our banker contactsWe meet the Appraiser We challenge the appraisalWe study the P&LWe review the Balance SheetWe handle all property toursWe verify the Certificate of OccupancyWe send the NDAWe structure the dealWe verify the CD termsWe calculate cash-on-cash returnWe call the tenants before the tourWe pay for the premium listingsWe order the CIC docsWe challenge the Tax AssessorWe talk to the Licensing DepartmentWe get the Roofer accessWe pay for the advertisingWe update the As-Built plansWe meet with the Watershed DistrictWe order the Wetland DelineationWe call FEMAWe call FEMA againWe verify Soil BoringsWe coordinate the Septic InspectionWe talk to cops when the alarm goes offWe talk to the Lender about the BuyerWe check on all city permits pulledWe run the 5 year Discounted Cash-FlowWe email the property to our 26,000 contactsWe go to the Zoning Board meetingWe order the Phase I EnvironmentalWe study & challenge the Phase I EnvironmentalWe order the Phase I I EnvironmentalWe process the Cancellation of PAWe talk to the angry neighborWe talk to the nosey neighborWe work on the encroachment issueWe deal with the agent at nightWe explain the market trendsWe order the Title CommitmentWe review the Title CommitmentWe pay for the property postcardsWe pay to mail the property postcardsWe slip on the ice after the tourWe build the 25 page OMWe verify the Settlement StatementWe show the damp moldy basementWe confirm the wire transfer We make our Sellers a lot more money!
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26 December 2020 | 10 replies
Buying new to avoid maintenance issues is a steep price to pay especially when a bad tenant can ruin the new carpet in a matter of 6 months and cook with excessive grease and cause your new appliances to look very used in no time.
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1 January 2021 | 42 replies
If it is low profit, high effort due to high turnover, evictions, excessive maintenance calls, etc., I will charge more for these properties than we would for a lower risk, stable one's.
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24 December 2020 | 2 replies
Once the taping and mudding is applied, it needs time to dry, as that dries they move on to the rest of the house putting in insulation and sheetrock, and the second the bathroom and/or kitchen is dry, they stop what they are doing and start sanding and painting the kitchen and bathroom.
28 December 2020 | 9 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
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26 December 2020 | 14 replies
I know a bunch of investors who put excess liquidity in the CAZ Liquid Income Fund an earn ~3.5% but that's typically for short-term funds vs five years (and the investor has to be a Qualified Purchaser).
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20 January 2021 | 5 replies
If I have acquired a property via quit claim deed from an owner whose delinquent taxes were sold at county auction (after the auction but before the 12 month redemption period expires) is it possible to apply for the county to return to me any excess funds that were paid by the tax lien purchaser?
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26 December 2020 | 5 replies
After replacing the pipes and trying to dry the entire basement, mold started to appear there.