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16 July 2018 | 24 replies
Also Sellers should retain the right to manage/sign/modify leases.
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11 July 2018 | 5 replies
Keep it simple.1 - Use the $100k as a 20% DP on a NNN with a 10CAP (w/bumps)2 - 10CAP NNN NOI = $50k/year (10% of $500k)3 - $400k loan payment = $34k/year4 - Cash Flow = $16k/year5 - Take on 2 Cash Partners at $50k/ea. 6 - CP get 10% return/ea = $5k/yr each or $10k/yr total7 - You retain $6k/year.8 - Cost to CP's $50k/ea with a 10% guaranteed return/year9 - Cost to you = $0 with an infinite return, but guaranteed return, of $6k/year.10 - Repeat.........
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22 July 2018 | 6 replies
Occupancy is key but if you get relocated again, you can at that time of transfer, retain the loan and airbnb or convert to a rental.
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16 July 2018 | 1 reply
I understand that New York is a "lawyer closing state" and that the lawyers are intimately involved in every step of the process and that they generate an abstract of title before the closing, which apparently goes back to the time of the French-Indian Wars.The lawyer we retained to handle the sale will charge $750 for the abstract search and claims it will take 6 weeks to complete.
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25 July 2018 | 15 replies
The property owner retains all rights to the property — to build, rent, sell or transfer to heirs — but has the luxury of remaining anonymous."
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24 July 2018 | 4 replies
Yes some people have an attorney "On retainer" In other words have paid in advance for their services as needed but generally you won't need that.
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26 July 2018 | 8 replies
I figure my credit card statement retains the transaction amount, so I figure that will cover me.
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31 July 2018 | 10 replies
Even if the landlord pushes the expense off on the tenant, good luck retaining people when you hit them with a $200 electric bill in the winter.
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25 October 2018 | 7 replies
It's a loan modification or likely a ch 11 BK prospect if they want to attempt to keep while retaining ownership of the property.
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3 September 2018 | 5 replies
Plus I have two rental units that I have sold and retain the paper.