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9 May 2024 | 16 replies
I will not make an affirmative determination on an investment based on taxes but wanted to be make sure I take they into account should I find anything compelling.
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10 May 2024 | 13 replies
I have them check it to make sure it isn't full of crap and check the propane.
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9 May 2024 | 1 reply
I'm not very familiar with how flat roofs work, but I'm going to relay what my handyman told me, based on what he saw and the account of a tenant who witnessed some of it:-They tore the existing off the roof, did not replace any sheeting.
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9 May 2024 | 5 replies
My question is if a credit card company closes out your card/ account from not using it overtime does this affect your credit poorly?
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9 May 2024 | 2 replies
Tenant keeps a bank account and credit card on file with Obligo, and they authorize Obligo to withdraw money up to a certain dollar amount.
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9 May 2024 | 12 replies
As @Bruce Woodruff said, they need to cut one or two holes to make sure it's ok.Should I hire a general contractor to check it out?
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10 May 2024 | 3 replies
Hey @Corben Briggs, so check Turno.com for cleaners.
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10 May 2024 | 13 replies
Account Closed Costs will play a role and I think the next couple months in an election year will give an idea where those will head.
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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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9 May 2024 | 0 replies
Don't have to be pro or even have an account.