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19 June 2018 | 7 replies
What should I expect if I am looking for quotes for this job.
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11 March 2019 | 11 replies
He stated that OP is not working up to his expectations and let many of his investors down, in order to remedy the situation he proposed my property transfered to Blue Sky - his own management company assuring me that he will finish the renovation and rent it out.Kate Federico from Blue Sky took over in April 2018 - after few days she reported that the property is 70% completed.
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8 June 2018 | 5 replies
A good operating agreement will discuss what happens if you both need to contribute more money to the business (what if in 3 years you need a new roof for your investment property, but the LLC does not have enough money in it to cover it); what happens if only one of your is able to contribute money to the LLC for an unexpected situation; what happens if you have a serious disagreement about the direction of your investment (what if one of you wants to sell the rental but the other wants keep it); what happens if one of your expectedly passes and the other is now partnered with the spouse or kids of your friend; etc.I know you would rather save the money (who wouldn't), but it is a deductible business expense and may save you a lot of headaches later.
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8 June 2018 | 10 replies
@Jim Butterfield I feel like you've got a good handle on what is expected and if you can make it work I'm all for it.
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21 October 2018 | 14 replies
As an out of state investor all we can expect is communication since we are trusting the process 100%.The delay in closing was also probably controllable since it was their tenant to remove.
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8 June 2018 | 5 replies
Using the BP calculator, would you analyze the property based on current rents or future/expected rents?
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8 August 2018 | 13 replies
We expect to spend 3-5 years out of state for the job, and then return back to the Bay Area.We've owned the home for 4 years and it has appreciated a nice amount.
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8 June 2018 | 7 replies
Couple that with the money you spent to get to that point maybe it's less than you expected at the end.Now you could do a 1031, reduce some of those costs and taxes but again that assumes you can find something as the replacement.Or maybe you find something that cash flows and goes up 5% yr or stays flat....
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12 June 2018 | 13 replies
I would make sure they understand you are taking on the burden of fixing up the place, and I would be buying it now before they spent all their time and energy getting it fixed up...The more time and money they spend the more they will expect at the point of sale.
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7 June 2018 | 1 reply
Then you just manage the managers and let then know your goals and what you expect from them regularly.