19 March 2019 | 8 replies
Is your major business related?
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29 August 2018 | 7 replies
I think right now there is just this major thirst for doors doors and more doors.
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23 September 2018 | 8 replies
In my opinion, that will be significant, having two major names (soft-branded) ocean front hotels.
28 August 2018 | 1 reply
Another idea I have is buying a SFR with a legal attached apartment and live in the apartment while renting out the majority of the house seeing I don’t need much room.
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28 August 2018 | 1 reply
The house I am currently house hacking needs major work to the siding.
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29 August 2018 | 3 replies
The majority of my rentals are a stones throw away from ASU's Tempe campus, and I've been running that business model for the past 14 years.
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28 August 2018 | 0 replies
I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?
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28 August 2018 | 2 replies
Its major expenses are property taxes, utilities and maintenance.
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29 August 2018 | 9 replies
Hello there, I am considering different ways to fund the rest of the rehab work I need done on a duplex I purchased earlier this year.The Facts:- Its not a major rehab.
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30 August 2018 | 4 replies
Here's the deal:- SFH in a suburb of a major city with great fundamentals (job growth, population growth, multiple sectors).- Purchase: $250K (presumably funded by Class A & B shares).- Rehab: $80K (100% bank loan)- Sale: $460K ($130K profit)- Deal is owned by LLC (seems like a general fund LLC for various targets), not an LLC specifically for this deal. - Payout: Upon sale and paydown of bank debt, Class A shares get their principal, then Class B shares get their principal, then Class A gets their 20%. - The Sponsor isn't taking a management fee (I presume they are majority owners of Class B).I would be investing $50K into the Class A shares, due in 90 days.