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13 May 2024 | 19 replies
The blessing for them is that the income from the land leases helps to keep the college and monastery operational.
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10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
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8 May 2024 | 7 replies
If there aren't any others or very few, it could be a good addition to boost bookings by have something no one else does.
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12 May 2024 | 1 reply
Verify if there are any outstanding violations or issues that need to be addressed.Financial Analysis: Review the property's financial records, including income statements, expense reports, tax assessments, and utility bills.
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12 May 2024 | 20 replies
.- Personal savings rate as a percentage of disposable income is very low (3.6%)- Unemployment is very lowMarkets don't stay ecstatic or suppressed forever.
12 May 2024 | 2 replies
Knowing things like median income for an area, median rent , population growth, unemployment and investment of companies are some information that id like to research.
14 May 2024 | 22 replies
Some additional references:https://www.biggerpockets.com/users/ZacharyCole/referenceshttps://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-reviewhttps://www.biggerpockets.com/forums/92/topics/1116050-a-huge-win-with-cori-from-rent-to-retirementhttps://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal
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11 May 2024 | 4 replies
Hello everyone,I'm 18 years old and with average FICO score 715, I have a 5-10 percent down payment, with only 6 months of full-time employment (annual income 52k) and 1 year of part-time work history (annual income 20k).
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11 May 2024 | 4 replies
Check for satisfactory credit, Criminal, and Income and have them provide prior landlord references and call them.
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11 May 2024 | 3 replies
This includes income & asset verification, tenant's credit, criminal, and eviction reports.