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Results (10,000+)
John Blanton Comparison of syndication sponsors for an LP post GFC
9 May 2020 | 13 replies
It is going to still be very subjective, but for me the track record of the operator is important to an extent.
Daniel Hankins Conversation for the future of humanity
22 April 2020 | 2 replies
We should instead work together to build a solution that ensures the moral support needed to get to a better place in life.I think the way the whole organization is structured will also provide another sense of accountability towards each other.Create a “Flip to Own” plan that lets future tenants be more involved with the initial renovation between occupants.Create a transparent “Monthly Operation Payment” that includes:An investment buy in (market value amortized over 30 years @ current market rate + .3%).Taxes & insurance (will also need renters insurance).Utilities (goal is to have a history of avgs, but will be paid as billed).Any cost associated with labor support for “Property Stewardship Guide” (basic cleaning and lawn care).Repairs and Maintenance budget (.1% market value, any expense related to maintaining current market value/ rent ready condition).Capital Expenditures- Major repair budget (.1% market value, any expense related to increasing market value and capital expenditures).Good neighbor assistance dues (.1% market value, covers accounting costs and assistance access).Create an app that makes monthly property management an easy habit.Pull information from Property Stewardship GuideIt keeps track of all the costs that determine the monthly payment, including utilities.It has a checklist of that months maintenance tasks, based on the standards of the GNA, that ensures the most effective life of the property.Have a portal to submit rent payments, using paypal or similar services.Build in an option to apply employee wages from the GNA as rent payments.Have a profile page with all the important dates and documents.Leverage these managing residents to build a coalition of labor support for the rest of the properties under the GNA umbrella.If they are all employees of the GNA non profit, then we can distribute benefits including healthcare, retirement savings, etc.Create a rolling pay scale:Offer work in exchange for equity ownership in other projects.When the current managing resident is ready to move, they can either cash out remaining repair budgets and equity, or leave their equity in and share the profits with GNA equal to their equity share.The managing resident will partner in the process of getting the house back to full market standards.Use the stockpiled repair budgets to fix their respective categories.Use built up equity if repair budgets don’t cover that cost.The remaining repair budgets will be applied as a direct principal payment.If the managing resident wants to cash out, then the GNA will buy back the property at the current market price.Both parties will pay their traditional closing costs if applicable.If the managing resident wants to remain an equity partner, then the title is changed to reflect that business relationship, and the managing resident receives monthly payments equal to their share of rental profits or interest payments of the next resident.Previous managing residents must create and manage their own LLC.If the previous resident has more than 50% ownership in the property, then they are in charge of managing the property.The monthly payment for the previous residents equity will be equal to their percentage of ownership times either the interest earned from the next resident’s purchase, or from the profits if it is run as a traditional rental.
Rodney Bartruff New Guy on the block....
30 April 2020 | 3 replies
I see a lot of opportunities down the road with Lease Options, Subject 2, and Owner FInance.
Amily Yi-Chieh Tseng Possibility of acquiring this property or should I move on?
3 May 2020 | 6 replies
One way to acquire the property would be to take over the loan payments (AKA purchasing "subject-to").
Te’Juan R T Bunch Wholesaling houses in an Auction
25 April 2020 | 2 replies
Im trying to understand if i can wholesale houses that has been subjected to being put under auction.
Jordan White Transferring an existing mortgage to my business
25 April 2020 | 3 replies
If you mean a “subject to” the loan stays in her name anyway. 
Sarah Szuhay How to Estimate Financing Details When Analyzing a Deal
29 April 2020 | 11 replies
Investor will likely see how you can give him monthly payments if subject property is vacant for two month???
Stephen Moore Title to LLC or Trust
26 April 2020 | 2 replies
Also it will limit the availability of lending as you mostly will have to use commercial loans that are a little bit more expensive.If you want to learn more on the subject, I would highly recommend that you spend a few hours watching all the videos in the Clint Coons' youtube channel.
Mike S. Multifamily Marketing Sources
28 April 2020 | 3 replies
I own a 20-unit complex which is managed by Appfolio, so it distributes the vacancy to various sources.
Tristan Osborne Airbnb Real Estate Investing
26 April 2020 | 2 replies
I've studied and read the basics of this subject from Brian Page and examined the potential amount of cashflow and staggering ROI.