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27 November 2017 | 3 replies
Call and set up appointments with different firms.Count on spending some money and potentially not making any money in year 1 (again potentially), commercial properties while typically much higher, also tend to be for sale much longer and the time from LOI (letter of intent) and closing can be substantial.
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3 May 2019 | 17 replies
@Doug W. buying stock in a private startup company typically offers the potential for a return upon the company achieving a liquidity event.
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1 December 2017 | 25 replies
For government loans, this is typically lower however, you would have to pay a premium up front and carry the insurance for life.
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1 December 2017 | 19 replies
The banks up here typically like to have a smaller position the more expensive the property.
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28 November 2017 | 18 replies
You can't keep rent for months that you kicked them out.You could require that the walls be returned to the color and condition they were in when they vacate, and use the deposit to cover it.
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27 November 2017 | 5 replies
You can use a company like ShowMojo or Rently but those typically don't make sense for a small number of units.Check out this list of lock boxes on AmazonI used something similar for vacation rentals and they work fine.
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10 December 2017 | 15 replies
I would also recommend checking out the comps (what's typical in the neighborhood on recent sales?)
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31 May 2018 | 6 replies
In the state of Ohio if the property is in an LLC you MUST hire an attorney to represent you.Once you file the paperwork, the municipal court will schedule a date as well as send out mail, certified mail and typically send a baliff to make contact with the tenant.
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29 November 2017 | 12 replies
For a Monte Carlo simulation, I might apply a +/- to that and see to what extent variations in that estimate have ~non-linear effects on the final answer.Agree that one of the biggest impacts is the current value; for two of my properties the mortgage company provides an equity estimate (which I have no idea how accurate it might be since websites like Zillow, etc typically don't handle multi-family properties very well), but here's a sampling of the estimate variations from different sources:$252K (Appraisal for refinance 21 months ago) vs. $269,939.00 (MortgageCo) vs. $294,900/$321,230.00 (Realtor; CMA vs.
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1 December 2017 | 1 reply
CMBS lenders typically can’t lock more than a few days before loan closing.