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25 November 2015 | 6 replies
I Third the Chuck Vonderhaar suggestion
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23 November 2015 | 7 replies
You should experience very little maintenance for the first 3 years on this home, which is an important aspect to Turnkey b/c the first few years should be about banking your cash flow, afterall, you are paying close to retail and with that should come less maintenance cost and hopefully less tenant cost, but the tenant part is for the most part, is a wild card as even the most qualified tenant can lose their job, get divorced, married, transfer, etc.So long as the home has what I have laid out in the post, I would go for it.
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23 November 2015 | 3 replies
. #1 aside, I have 3 properties free and clear that I would be interested in a 1031 exchange for a MFA, where would I find interested parties for those?
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24 November 2015 | 4 replies
Generally, what you earn from the assignment is inconsequential as long as the other party is getting a greater value proportionate to your fee.
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24 November 2015 | 2 replies
How should this be structured so that all parties are protected?
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25 November 2015 | 3 replies
I would maintain at least 50.1% control of the property, they would collect a 1-3% acquisition fee, and 1-3% on-going fee.Essentially, it should be a win-win for all parties involved.
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24 November 2015 | 6 replies
After all, you will soon be the experienced party.
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24 November 2015 | 3 replies
I want to feel absolutely no obligation to the other party other than the fulfillment of our business arrangements.
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10 March 2018 | 16 replies
That is why my JVs before have an expiry of 3-5 years, exiting and splitting is the hard part, drafting that part is very sensitive and it will test your relationship for sure.