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11 July 2024 | 1 reply
Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.
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9 July 2024 | 3 replies
Michael,You have a few options for one you can get a personal loan up to $50K to consolidate highest payments lowest balances to help DTI.
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8 July 2024 | 20 replies
Personally, I don't like QB because it doesn't give me the info I want about cash flow.
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11 July 2024 | 2 replies
I love tiny and has been very profitable for me personally.
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9 July 2024 | 21 replies
The first thing you need to do is learn how to handle it like a business and not take it as a personal attack.
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8 July 2024 | 1 reply
We recently moved a property into our LLC from a business partners personal loan.
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13 July 2024 | 20 replies
Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.
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8 July 2024 | 20 replies
Once I got beyond 5 properties I personally stopped budgeting for capex.
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8 July 2024 | 14 replies
You have to determine what is the quality of person you are trying to collect from.