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7 June 2016 | 3 replies
If your intention is to simply use it for a single property and never utilize a partner and never bring in another member to the LLC then an operating agreement may not be critical.
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16 June 2016 | 12 replies
I let them know that I will likely have some questions on their numbers but after I do an initial analysis, if the deal still looks attractive I would request to view a few of the units in the property and do a general walk through of the exterior, utility areas and common areas.
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7 June 2016 | 12 replies
Your utilities number looks low - $200/month for cable, wifi, heat, electric, water???
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3 June 2016 | 17 replies
Also, for someone like you it might be good to try to utilize your ability to get a VA loan and put no money down to be able to free up capital.
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31 May 2016 | 1 reply
For example, the property may have only one meter for utilities like gas and electric.
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3 August 2015 | 8 replies
We don't really utilize forums as we should, but thought we would try something new for this one.
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28 July 2015 | 7 replies
Was stationed in SoCal, Okinawa, and deployed to the Philippines.An odd combo of a gym rat and a bit of a nerd.Compete in amateur strongman competitions.As far as my goals go this is copied from my profile.Task 1: Debt freeCurrently, I'm on the cusp of accomplishing my first task on this road and for me that is 100% debt free.Task 2: 6 month emergency fundMy primary occupation ebbs and flows so an emergency fund is going to be key for my financial safety and health.Task 3: Save up roughly 30kUtilizing the VA for the purchase of my first property means I won’t need a down payment but having money to invest and fix up that first property will go a long way to speeding up my success.Task 4: Buy and renovate my first multifamily property (BRRRR)My first property is up and running and providing positive cash flow.Task 5: Expand to 3 properties within 5 years still utilizing BRRRRGet those properties up and running smoothly and make them highly desirable.
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23 July 2015 | 3 replies
Next day mail is not a rush in this digital age.
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24 July 2015 | 9 replies
If there are any shared utilities or other items (example, a shared driveway, lawn, septic tank or well that needs maintenance, plowing or other upkeep), this creates another set of issues that could be perceived as self-dealing.
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27 July 2015 | 17 replies
as @Chris Reeves said, you need all the other variables....Lot rents, number of occupied lots, (the ability to expand is usually worth zero...... and thats what you you need to value it at) More info on utilities ....Lets stay away from gut feelings for the moment and work off hard numbers.Also, it would be extremely helpful to know where the seller wants to be at price wise.