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27 June 2022 | 38 replies
Again, not an easy decision - I spent almost 10 hours checking every number to gather the confidence but eventually pulled the trigger.
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10 November 2022 | 5 replies
I’ve read that I should put the buildings in a land trust for anonymity and as a way to avoid triggering the due on sale clause.
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9 November 2022 | 4 replies
One more tip – people remember stories that trigger their emotions.
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12 December 2021 | 17 replies
If you live, or do business in, or know people in any of the above mentioned cities, I would love to just get to pick your brains about what these markets are like and to help a newbie investor get his bearings straight for when I finally pull the trigger.
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14 October 2021 | 18 replies
Also they will help trigger other questions – that could help you along the way.
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8 February 2022 | 4 replies
@Jimmell J Swan I second Andrew's notion... financing the property in your own name will give you access to far more loan options. and if it's important to you to put your title in an LLC (my partner and I have each of our rentals in its own LLC and an umbrella policy) (we're paranoid like that), it is possible to purchase a property in your name and then transfer to an LLC -- with your lender's knowledge and without triggering a due on sale clause.
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26 June 2010 | 7 replies
Taking out a 30 year mortgage at that age locks her into one of two alternatives.
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21 March 2011 | 13 replies
/Dec)Many banks for the last 6 months have been testing the market and pricing even the messed up homes at full retail value.Trustee sales over the last 6 months got very VERY competitive and investors were bidding up homes above 80% of value, this caused the banks to try pricing REO's higher.I have no idea if I am correct or not, but I do know that times have been tougher to lock great deals so far this year.
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17 March 2011 | 6 replies
Some folks are too afraid to pull the trigger on anything at all, so at least you are trying.
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11 May 2012 | 0 replies
All of this and many other factors need to be considered running a restaurant.The biggest issue a one off restaurant faces is food quality and pricing.Small places can't order in massive quantities so do not have long term food contracts locked in at a set price like chains do.Instead food cost fluctuations can hurt a small restaurant plus the quality you get from a supplier might be good one week but the next a new company came in to the food supplier and gave them a cheaper deal to use their product and try it out.The new product may be better,the same, or worse.The problem is you pay the same price and charge the customer the same price as before but it might not taste as good.I don't know how you will buy this restaurant as you have no experience as an owner.You can't just open a restaurant and expect people to come in.A few will but not enough to make a great business.You have to pound the ground and press palms and get the product with free samples into people's mouths.This will generate buzz for your restaurant and create customers with a relationship.Customers are habit creatures.Get them a great experience,great food,decent price and you will get repeat business.