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23 March 2019 | 19 replies
@Patrick Britton I think you will find this varies everywhere...all my assumptions on our Inn were at 30% occupancy...if it performs at 70%, we'll be golden...There is a site called Air DNA that has this data for your area...paid of course, but good user interface for sure.
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23 December 2018 | 9 replies
The most important thing is having enough cash reserves to weather a economic downturn and to ensure your properties are only 60% leveraged.Perhaps make a post asking if there are any investors here that speak your native language and see if they can help fill in details. :)
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20 December 2018 | 1 reply
As we approach the end of 2018 I thought it would be interesting to look over the data I have been keeping track of in regards to the sales of our company this year.
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20 December 2018 | 7 replies
Read Tax Free Wealth by Tom Wheelright for a great explanation of why you should meet with your tax advisor first to determine the best structure for tax strategy and then have that person work with your attorney to ensure the structure is set up correctly.
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30 December 2018 | 6 replies
Having an attorney go over the operating agreement helps with both ensuring that it covers your specific situation and will also give you a mediator - saves a lot of drama and helps in forming a fair document that reduces conflict.
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21 December 2018 | 3 replies
I'm considering creating another document that is completed individually to collect this data.
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20 December 2018 | 0 replies
When dealing with the banks they want to ensure that you have plenty of reserves sitting in the some sort of money market, whether it be 401k, savings/checking, stocks, etc.
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24 December 2018 | 33 replies
The easiest way to mitigate this is to ensure the SOW is inclusive of all sub tasks.
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25 December 2018 | 7 replies
I think that it is also important you ensure that you have some significant capital reserves as well ($10k per door for SFR's).
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25 December 2018 | 36 replies
Due care, loyalty, honesty, confidentiality, good faith, disclosure, etc.He's right that agents ask for buyers to sign a "Buyer's Broker" agreement to ensure that if the client buys a property, that they will buy it through that agent - the agent who has most likely invested significant time, effort and expertise with no assurance of getting paid.