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16 May 2024 | 7 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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17 May 2024 | 17 replies
New Albany is home to several major data centers including ones operated by Amazon, Google and Facebook, whose parent company, Meta, announced plans in the spring to expand its New Albany campus.
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16 May 2024 | 5 replies
I believe the different parties can start at difference percentages of ownership, but to change those percentages, you'd need to create superseding deeds... which is doable... but this is where you need to speak to a TIC-experienced lawyer about what's possible and what the costs will be.Forming an LLC would make adjusting ownership percentages easier, but I doubt you'd be able to get a loan.
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16 May 2024 | 9 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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16 May 2024 | 7 replies
We normally try every form of communicating including door knocking and door postings
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16 May 2024 | 2 replies
**Uncertain Future Costs:** Final costs, including maintenance fees and property taxes, may be higher than initially projected.
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16 May 2024 | 10 replies
Would it be weird to create a form that people can submit their properties for me to check out that would have all of the questions that I want answered, or would they probably laugh that off and not bother wasting their time?
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16 May 2024 | 9 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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14 May 2024 | 5 replies
I'm going through the same process and am going ahead on the boundary survey so I can create an accurate sitemap.
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15 May 2024 | 3 replies
I'm a Realtor® that works primarily all over Central Florida and help investors like yourself buy properties that really help broaden your portfolio and/or create new opportunities for you to explore.