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15 August 2024 | 16 replies
Ughh, but we feel awful⊠Best to use the other room for now, but in the interim, please let us know if we can help make you guys feel more comfortable đđđFor the future bookings, can you move the guests to another room?Â
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13 August 2024 | 9 replies
Hopefully, the protective order will help resolve things more smoothly.Speaking of Indianapolis, Iâve been working with investors in the area on new construction duplexes that are designed to minimize tenant issues by attracting stable, long-term renters.
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13 August 2024 | 3 replies
I might be able to help and am also building my network.Â
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14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
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13 August 2024 | 0 replies
I buy properties in AS IS condition and mostly in New Jersey area but I want to venture on other areas and help homeowners that are facing foreclosure.
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13 August 2024 | 2 replies
Add up these numbers to find the total amount of money required to close the sale.Private lenders can help manage cash flow during property renovations or lease-ups by providing more inventive financing options like interest-only payments or deferred payments.
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12 August 2024 | 5 replies
I've developed a real estate agent on the island of St Croix (Cynthia Taylor) to help evaluate the properties and guide my offer.Â