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9 May 2024 | 11 replies
So just had to bite the bullet and move on.
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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 | 4 replies
The key is to make sure there is enough cash flow in the portfolio and enough reserves in the account for capital expenditures.I believe house hacking a primary residence is the best way to generate wealth.
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11 May 2024 | 5 replies
Usually these homes are on private land and "need to be moved" but the end buyer has to arrange for moving the home.
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9 May 2024 | 43 replies
How does this work and what are some key strategies for this?
9 May 2024 | 27 replies
Have a lockbox with key available as backup
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11 May 2024 | 10 replies
Another has moves out of state.
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10 May 2024 | 4 replies
33 people per day are moving to Greenville.
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11 May 2024 | 3 replies
If they willing to take time to fill application and pay, I would review and move forward with next steps.
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10 May 2024 | 43 replies
I think the key to getting off-season bookings is by reducing your rates and actively managing them.