13 May 2020 | 11 replies
You retain full operational control as the manager, but the financing ground rules are codified in the OA so your investor is safe knowing their priorities are accounted for.Then, if there's an opportunity to refi at some point, and it doesn't go beyond the LTV your investor is comfortable with, you can do it.The issue is not to refi or not, the issues is leverage.
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11 June 2020 | 11 replies
If your parent company is in the same LLC it would make that single loan MUCH easier...This is how our LLCs are set up:ABC LLC controls all the other LLCs.
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12 May 2020 | 7 replies
Unless you invest via an LLC owned by the IRA, you will not have checkbook control over the funds which means you need to run transactions (e.g. income, expenses, etc.) through the trust company who will need time to process the transactions and generally charge fees for each transaction.
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13 May 2020 | 2 replies
I’m worried as even if the property management company is established and professional I want to have greater control over my money and I don’t know what they do with it or whether or not they underpay me.Do property management companies allow the owner to have rent payed into their bank account preferably via an online portal like Buildium where both can manage operations and then the owner pays the property manager their management fee.
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9 May 2020 | 2 replies
The highest predictors of goal achievement are the 80/20 activities that are identified and codified into individual actions and tracked fanatically.Discipline 3: Keep a Compelling ScoreboardPeople and teams play differently when they are keeping score, and the right kind of scoreboards motivate the players to win.Discipline 4: Create a Cadence of AccountabilityEach team engages in a simple weekly process that highlights successes, analyzes failures, and course-corrects as necessary, creating the ultimate performance-management system.One of the keys to a successful remote work structure is excellent communication.
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11 May 2020 | 11 replies
I have a lady who will give me up to $50,000 as needed just with a telephone call, her rates are high, but I don't mind paying the juice because I have confidence that I am able to assign my contract quickly using the Control and Roll formula and the Auction Marking.Good luck, be safe,Charles
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8 May 2020 | 0 replies
The impact of pandemic to real estate market is expected to be short-term, and the the market will resume its growth as soon as the situation is under control.
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9 May 2020 | 2 replies
If you can't keep control your finances, you are highly unlikely to succeed in real estate investing.
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10 May 2020 | 4 replies
Another example of government control over private industry!
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9 May 2020 | 5 replies
I like having more control over my deals, not having to rely on a relator to show me the homes I want to see, and getting to deal directly with all parties involved.