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23 April 2024 | 3 replies
Trusts are typically done as part of a full estate plan that includes other documents to cover you in different situations like Wills, Powers of Attorney, Advance Health Care Directives, etc.
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23 April 2024 | 9 replies
In the event Sellerfails to close the sale of the subject property pursuant to the terms & provisions of this Agreement, Buyer shall be entitled topursue legal recourse for specific non-performance and shall be entitled to compensation for any costs associated with suchactions, including but not limited to escrow fees, title fees, attorney fees, court fees, etc.
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21 April 2024 | 17 replies
Usually funds that offer higher returns have way higher risks with second position debt, long lockups, are more aggressive on LTV, or use high fund leverage.
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23 April 2024 | 4 replies
And the tools of the trade are always provided by the contractor, not his client.If your contract does not include some timeline for completion and/or milestones, I'd add it into future ones.
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23 April 2024 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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23 April 2024 | 5 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.
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22 April 2024 | 1 reply
For that reason, most landlords would include those utilities in the rent if they are a fixed price.
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21 April 2024 | 47 replies
Because their enormous debt is being debased with higher inflation).
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23 April 2024 | 13 replies
Hard to call it a "booth" actually -- that show is so huge it was really more like the Schlage pavilion 😃I talked to the Encode product manager for quite a while about integrations, including the new direct one with AirBnB, and some of their PMS integrations like with OwnerRez.
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23 April 2024 | 7 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.