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29 September 2021 | 22 replies
We just got the lease agreements.
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28 September 2021 | 1 reply
.), we verbally agreed on a 20% GC fee over construction costs, but I have a feeling he will want to split this 20% fee with us somehow as he tried to do something similar a few years ago in a project that didnt end up happening (he wanted to split the 20% in half between us) which we didnt think that agreement was fair at the time.
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28 September 2021 | 2 replies
Is there a road maintenance agreement?
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28 September 2021 | 0 replies
I have a couple lessons learned from our first hard money experience. 1) Make sure you include your plan to pay the hard money back in your up front planning and underwriting of your property. 2) Use an attorney to formalize the agreement and record it properly Then stick to the agreement no matter what.
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3 October 2021 | 3 replies
I locked in the 3.25 at 5K lender credits with the agreement that it is subject to change depending on what the appraisal comes back as.
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5 October 2021 | 8 replies
Get a security deposit when you both sign the agreement and do a walkthrough.
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14 October 2021 | 26 replies
We agree on a purchase price for a property and after we reach agreement the buyer begins his due diligence as to title, value, financing, income, expenses, etc.
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29 September 2021 | 0 replies
Make sure you have your Operating Agreements looked at by an attorney!
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1 October 2021 | 1 reply
Review their management agreement.
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29 September 2021 | 3 replies
Basically you could have told the tenant what they were requesting were things that were not part of your agreement.