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30 May 2024 | 5 replies
Or perhaps the seller can provide you some financing.My guess is that any US-based lender would be making more of a personal loan than anything because it would likely be hard for them to put a lien against a property outside the States.Perhaps there are private lenders in that country that would be willing to lend to you as they would be more familiar with securing loans against properties there.
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29 May 2024 | 8 replies
Also, as I am in CA, it would be impractical to be "boots on the ground" for an extended length of time to visit properties and attend numerous auctions in person.
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30 May 2024 | 8 replies
Regarding background checks you can use many different apps or software, I personally like Hemlane for tenant advertising and screening.
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30 May 2024 | 3 replies
The value add will include TI's and renting out the 50% of the square feet that is vacant.The hangup is that in a TIC structure we have learned that every person must bring money into the deal to achieve an equitable split.
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30 May 2024 | 4 replies
Here's why:People who spend all day crunching are almost never viewing in person.
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30 May 2024 | 7 replies
So now I have three rental units, plus I also rent out a spare room in my personal residence.
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30 May 2024 | 6 replies
I am getting a RLI personal umbrella policy from an independent insurance broker.
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29 May 2024 | 6 replies
However, interest on the same debt used to pay personal living expenses, such as credit card debts, is not deductible.But, wait there's more...
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30 May 2024 | 13 replies
Additionally, if you choose to occupy your rental property, and need to get tenants to move out, you'll likely need to Ellis Act the property which you'll need to pay tenants upwards of $35k+ per person to relocate and will eliminate your ability to use it as a rental for up to 10 years.
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29 May 2024 | 2 replies
Personally, I analyze the residential units as guaranteed income and don't look at the commercial space at all.