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3 April 2020 | 11 replies
I formed an LLC for this house prior to purchasing the property, which I later decided not to use because I figured lending would be easier without having to go through commercial lenders when I go to refinance later.
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1 April 2020 | 0 replies
Tenant may terminate this Lease at any time prior to its stated expiration date or any extension thereof by providing Owner with 60 days advance written notice of such termination plus a termination payment equal to two (2) month’s rent totaling $3,200.00, provided that a termination shall not be effective unless or until the Tenant has paid to Owner all sums due Owner as rent or other charges.
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3 April 2020 | 27 replies
Again I was ok with idea that I can't liquidate in bear market.But fundrise refused redemption even when request was received prior to downturn.This is main message.
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1 April 2020 | 4 replies
Even though they gave me 30 days notice of vacating property prior to new lease starting.
2 April 2020 | 10 replies
I'm a novice myself so take my suggestion with a grain of salt, but if housing prices were that bloated prior to this disaster then prices are going to plummet, and plummet hard in your neck of the woods.
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1 July 2020 | 20 replies
I did receive a prior email from them stating not to make contact with the subtenant.
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4 April 2020 | 3 replies
We do not have a property on the line yet but we are setting up our systems and process prior to finding the deal so we can hit the ground running efficiently.
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10 April 2020 | 5 replies
If related to the pandemic, also tell me your biggest challenges prior to this climate and what you think your biggest challenges will be moving forward.
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22 April 2020 | 9 replies
It is the ability to take a taxed distribution from the IRA/401(k) with a waiver for the additional 10% penalty that normally applies to an early distribution prior to age 59 1/2.Due to the need to pay taxes and the cost of needing to amend prior year returns to get those taxes back, this is not likely "easy access short term money for investing".
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16 February 2022 | 27 replies
Please keep in mind this was prior to the pandemic, so we have no idea if the property has gone down in value nor how rents look right now during the pandemic and aftermath.Taxes: $6000.00Water: $1200.00Insurance: $1500.00Mortgage: $32064.00===================Total expenses: $40764.00Total income: $54300.00 (with seller)Total incomeL $59400.00 (after they leave)