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11 May 2024 | 38 replies
There is only good/bad STRATEGIES FOR THAT SPECIFIC.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
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9 May 2024 | 2 replies
Let them know - as specifically as possible - what you are trying to achieve.
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10 May 2024 | 4 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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7 May 2024 | 56 replies
With all the new regulations around documentation for cost segregation that has come out, I recommend having a professional do them.
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9 May 2024 | 1 reply
More specifically, analyzing hundreds of pages of text in disclosure packets including inspections and advisories to understand the risks when closing deals.
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7 May 2024 | 3 replies
I work full-time as a software engineer in the defense industry.
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7 May 2024 | 16 replies
We've heard offhand both on this website and from others in RE that accounting/bookkeeping firms in India, which cater specifically to small businesses in America, are relatively inexpensive and pretty reliable.
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10 May 2024 | 15 replies
There are a lot of cheaper and even free resources out there that if you put in the effort you can get a lot out of them.If you are looking at any cities in Florida and specifically Jacksonville please let me know.
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9 May 2024 | 43 replies
There are specific requirements for the solo401k.You must be a business owner with no common law employees and earned income to supplement the 401k plan.