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30 March 2024 | 11 replies
It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.
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30 March 2024 | 8 replies
It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.
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29 March 2024 | 5 replies
based on my calculations, I've decided on term life, 20 years, 2 million.
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29 March 2024 | 13 replies
Hi Gino, It sounds like you've already taken some significant steps towards building a career in real estate investing, and you have a strong foundation with your education and work experience.
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31 March 2024 | 61 replies
So, again, we have to do their job and chase the seller for that info.So, based upon our 24+ years of experience with agents in these capacities, we're all for raising the bar!
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29 March 2024 | 20 replies
Hey even flipping we're good at.Ask your questions here, anything counts, in one place and I will give you a solid data-backed (NEVER opinion-based) answer.In case you don't know me, My name is MSOOTKAUG, and am quite damn good at generating actually motivated seller leads, ranking websites #1, Credibility, and Conversions and people usually have to fork over their first=born child to have me consulting them.
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29 March 2024 | 7 replies
In a situation like that I think you are doing the correct thing in billing back the tenant because the utility is based on usage and not a flat fee that you can bake into the rent price.
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30 March 2024 | 7 replies
Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only.
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29 March 2024 | 31 replies
Also, based on the need for capital, will you be operating the deal based on your experience?
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29 March 2024 | 3 replies
Based on the information you gave, no one can give a decent price, but sure $100k might cover all that....