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18 February 2021 | 27 replies
There are occasions when it simply easier to have the customer pick it, but mostly when it's a specific item that they still have to make a choice on.
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16 June 2022 | 9 replies
Bidding, managing personnel, managing material, payroll, customer service, accounting ect.
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26 March 2021 | 4 replies
In order to get a CoCROI of 10% you would need to buy the property for $167,221 which is less than half the asking price of the seller.Closing costs are pretty high since I’ve read that closing costs for legal documents getting signed are somewhere around 3% of the home value and then lately, it is no longer custom for the seller to pay for the buyer’s REA fee, which adds another 3% to the closing cost.
31 January 2021 | 1 reply
Of course, that assumes the LLC was written correctly and you managed the corporate formalities correctly, otherwise it is just window dressing and does little to protect you.An umbrella policy is typically customized to your specific needs and rates vary based on your exposure.
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15 February 2021 | 36 replies
When we receive an investment summary for an apartment syndication, it is us to verify the assumptions supplying the pro forma, but it can be done relatively easily compared to analyzing a massive company.
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5 February 2021 | 5 replies
For M-F, if I'm writing, I'd ask for recent I&E and rent roll - ACTUALS.If its a broker listing, odds are (here) you get a BS ProForma flyer and have to make your own assumptions.
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3 February 2021 | 6 replies
Of course that is making some assumptions related to financing (WHICH I HAVE NO IDEA HOW TO GET ON SUCH A LARGE DEAL).
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3 February 2021 | 15 replies
Well, if the tenant is the only issue, just sign an assign/assumption agreement on the lease and honor it from close until the lease ends.As far as making seller financing attractive, if I was a seller I'd like to see:1) Sizable down (which is why it may not be an advantage to a buyer)2) Higher rate than market (another reason it may not appeal) since you're not closing at close3) Some kind of default provision if you lay waste to the property or (if it's effective) you don't pay an existing mort or prop taxes and the prop goes into default with some penalties.
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2 February 2021 | 2 replies
The increased price removed most of the value I was going to bring to the table building at cost, being a contractor and all.It's a long story but I found an off market deal with a customer of mine who happens to own a single family home on a property zones R-2-N.
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12 April 2021 | 21 replies
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