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30 April 2020 | 7 replies
Here is the letter I sent out to my tenants in Chicago last week, feel free to use any bits that strike a cord with you---"Hi everyone,I wanted to touch base with each and every one of you, and encourage an open line of communication through these unprecedented times.
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2 April 2020 | 3 replies
The strike price is such that the option is going to result in lots of money to the Roth IRA, usually $10,000 to $20,000.
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9 April 2020 | 9 replies
I use 3% of FMV, or Fair Market Value.Say I have a $1,000,000 property, market rent $5000 a month.12 month lease, first and last, just for the lease.If exercise price is $1,000,000 then I would take 3% off, or $30,000.Strike price is 1,000,000 - $30,000 or $970,000.
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5 April 2020 | 11 replies
If it’s a great deal you may want to strike.
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11 May 2020 | 4 replies
I'm experience rent strike from my less expected tenant (wealthy, own a house in Southern California, and for sure have more than enough to weather the current covid-19 down turn).
7 April 2020 | 11 replies
But now there is talk of "rent strikes" (thank you socialist AOC idiot - sorry about the politics but had to get that out there).
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4 April 2020 | 1 reply
https://www.curbed.com/2020/4/1/21201051/pay-rent-april-strike-coronavirusInteresting and very one sided read about tenants organizing rent strikes and a few lessons for landlords “ie - don’t cc all your tenants in the same email”I was pleasantly surprised that the majority who commented about in her comments section were against it.
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20 February 2020 | 10 replies
Thank you Marcello great input was wondering what was the leverage means other investors were employing the heloc option versus cahs out refi , although heloc allows one to be your own bank ready with cash to strike when have found potential good rentals, but then we have to weigh in the possibility of rate hike which will be expected eventually with a draw period of 10 years and then have to pay P/I amortized payment with variable rate for next 20 years, so what is the typical play then after 10 years, does one payoff the balance as an investor and get a new heloc since some equity got built by more principal pay down and possible market appreciation or can one get a sizable amount from their heloc they have on a primary home that still draw period available and is interest only and payoff on the heloc on the VAcation home.
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16 February 2020 | 11 replies
But....it can and does make a huge difference in your attitude when disaster strikes and you only owe $50K (or less) on a property vs. $150K!
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27 February 2020 | 8 replies
Continuing to build my options so when the right time strikes I'm ready to go.