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10 May 2024 | 1 reply
We have used this attorney for more than a decade and have a grandfathered rate.
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9 May 2024 | 13 replies
Here are some pros and cons I have thought of, but I would like to hear others:Pros- Vacation to your own rentals in multiple destinations for cheap- Portfolio is more diverse.
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8 May 2024 | 33 replies
The calendars for our properties are filling up decently, but it is taking daily work on rates to get that done.
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10 May 2024 | 0 replies
Does anyone have, or is anyone aware of a calculator with inputs to show me whether a seller paid 3-2-1 rate buy down vs price reduction is best, where I have ability to input for how many years.
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10 May 2024 | 5 replies
However since the purchase is high, mortgage on a 7.12% interest rate for 30yr rate plus HO insurance etc is about $4300 a month. should I follow that 25% rule or not.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
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10 May 2024 | 18 replies
Ps: Don't go for the cheap VA's, there's a HUGE difference between the $3-5/hours and the 7-9.
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11 May 2024 | 10 replies
It helps you find reliable property management partnerships and gives you everything you need to make confident hiring decisions, like:Expert Matching: Match with professionals who meet your criteriaExtra Assurance: Licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets membersBonus Content: Receive an essential interactive workbook: “How to Interview Property Management Companies”
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10 May 2024 | 10 replies
Should I do this as individual vs entity and what are market rate terms?