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24 December 2024 | 4 replies
So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.
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26 December 2024 | 5 replies
There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets.
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24 December 2024 | 5 replies
I agree with complications of ownership when it comes to Land Trust, and it also does nothing for asset protection.
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30 December 2024 | 11 replies
If you have a mortgage the lender will require you to have insurance that protects the asset that secures the loan3.
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23 December 2024 | 15 replies
Most of what I’ve read you obtain the code violation list from a city official but it sounds more like you are purchasing the list from an external source?
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25 December 2024 | 22 replies
I do have folks that don't book because of that.That is a good thing as not understanding the distance to get places will create bad blood and cause those 2 and 3 star reviews which no one wants to see.Like @John Underwood, our place isn't cheap so we don't get the folks that destroy places.The bottom line is that you are renting out an expensive asset to strangers for 3-10 days or whatever.
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19 December 2024 | 50 replies
They told my attorney that they were trying to obtain “seed” capital (from me) to finance the lawsuit against their true targets.
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2 January 2025 | 50 replies
Your account with hundreds/thousands of reviews is the biggest asset!
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23 December 2024 | 4 replies
I know there’s a limit of 4 unless you get a kennel license, so I’m also searching to find a place in which I can apply to obtain one.
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4 January 2025 | 35 replies
Cashflow deals are limited to the C location 1-4 unit asset class.