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31 March 2020 | 11 replies
It is true that you could not evict her right now, but that is not going to last, and if she's a great tenant I highly doubt she wants an eviction on her record.
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30 March 2020 | 7 replies
Instead of allowing tenant and landlord to work it out before it damages a Tenant’s record i.e. court date is set, tenant understands there's consequences, an agreement is reached, eviction is avoided… however a moratorium changes this dynamic... now we will still file a notice of eviction while attempting to work out a payment plan with the Tenant however, the difference now… is that a new agreement has been reached and if for some reason the Tenant is unable to fulfill the new much more forgiving agreement and then still refuses to downsize... evictions, credit filings and garnishments are imminent and will surely ensue immediately after the moratorium. 2 – It’s already started most Tenants just don’t know it yet – What happens to vacant units when there’s moratorium in place?....
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26 April 2020 | 11 replies
This is why having good accounting records are critical.
2 April 2020 | 10 replies
This allows the loan proceeds from our loan to flow to the seller, (granted not a lot of debt is recorded against the property) which allows them to get some cash "now" for their sale.
2 April 2020 | 6 replies
In the alternative, if you obtain title from the record owner, a quiet title action might bring HUD to the table to talk about what it would accept to release the property, or if they fail to respond to the Complaint you may be able to get a court to declare to lien extinguished.
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1 April 2020 | 5 replies
Unless you have a track record and understand what's involved in putting together a syndication, this probably isn't a good idea for you.There are significant up-front costs to set up a syndication.
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2 April 2020 | 14 replies
So if he can match my record he will earn his fees, and if not he can explain why.
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8 April 2020 | 13 replies
Do they have a good track record in this line of work?
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31 March 2020 | 5 replies
You could ask the current tenants to do a video tour and record that.
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6 January 2021 | 14 replies
@Sri L.I can’t answer all of your questions but I am able to answer some.Because you’re changing use of property, with a lot of down time for remodel and lease up, your ability to attract institutional financing will be dependent on your personal financial strength and tract record.