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22 August 2019 | 6 replies
Here are deductions to the deposit:Late FeesA******April 4th 2019: $65March 8th, 2019: $65June 4th, 2018 (forgiven)Bre****June 10th, 2019: $65May 10th, 2019 (forgiven)Late fee totals: 3x65= $190 RepairsDrywall repair and mold removal in downstairs bathroom: $200Trash removal in backyard: $150Emergent Termite Treatment due to delay: $200Broken upstairs window: $200 (pending)Back door repair and lock mechanism: $50Total: $800Extensive cleaning: $475-150 (pet deposit)= $325 Total: $1,295K****, We know you took the time to help show the house to a couple of potential tenants and, as we said, we wanted to compensate you for your time.
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18 September 2019 | 2 replies
Is there already a drafted offer to purchase (contract) out there that someone could share or provide guidance on where I could get a contract that I could use to lock down an agreement between myself and a seller with the intent to fix and flip a property.
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26 August 2019 | 16 replies
Secondly, with the apartment abandoned and electric being off (assuming unpaid bill) can I legally change the locks immediately?
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26 August 2019 | 8 replies
, went swimming naked (no, not great to look at) when they came to see the house, locked the master bedroom, bath and den so no one could see in there, parked bikes, etc in the other rooms.
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26 August 2019 | 3 replies
Guys,Got a 40 unit almost locked up in contract. 7% CAP using TTM P&L.
25 August 2019 | 1 reply
I found a highly motivated seller, she was so motivated she offered me another property alongside with the one I initially inquired about, so I locked her up for an appointment Tuesday.
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27 August 2019 | 1 reply
Once it's under contract, it's "locked up" so then you can move forward with the other stuff if you need it.
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30 August 2019 | 14 replies
For most syndications:LPs will have no liability (other than loss of contributions) and you'll want to check the liability of the GPs;LPs will make initial contributions; and you'll want to confirm if LP is on the hook for any additional contributions;Distributions will ensure the GP/operator gets their cut (I'd want to know what that cut is), then to LPs in accordance with their percentage;LPs will agree that they cannot transfer their LP interest without the consent of the GP - you're locked in to the deal until the GPs end it;LPs will have none (or very little) rights to vote on operations, and GP has control.The above isn't an exhaustive list of material concerns you might have as an LP, but it's what what I would expect and confirm for any syndication.
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25 September 2019 | 48 replies
You can try to lock people out, or take them off the lease, or even make notes in their record.