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13 March 2018 | 65 replies
Perhaps you could get them to move out with some sort of *written and signed* agreement, and be ready to evict if possible.
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8 March 2018 | 3 replies
She never signed a contract with previous owner and is at will.
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9 March 2018 | 10 replies
Is someone going to sign a binding contract to put money into my bank account each month?
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9 March 2018 | 4 replies
I don’t have a lease agreement directly with this tenant because the previous owner signed a lease which is valid until jun 2018.
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8 March 2018 | 2 replies
See if you can see any signs of gentrification such as yoga studios, hippie restaurants etc.
10 March 2018 | 11 replies
I just know they are much more likely to do it in default.It is extremely likely that you signed an Assignment of Rents.
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16 March 2018 | 14 replies
It will have huge negative cash flow when you add in items such as PM (use 12% because while the rates are lower there is typically items like re-sign fees, find tenant fees, and contractor service fees), vacancy, maintenance/cap expense estimate, and miscellaneous.
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7 April 2018 | 2 replies
You will want a note, mortgage and personal guarantee prepared and signed by the buyer.
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10 March 2018 | 3 replies
You'd need to get a commercial loan for that to happen, and those loans are not quite as favorable since they tend to have higher rates and shorter terms.You could purchase it in one of your names and do a quit claim deed over to the LLC, but the mortgage would remain in the personal name of whomever originally signed the mortgage paperwork as borrower.