Carlos Ptriawan
Biggerpockets and AI
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.
Jonice Arline
New Investor. Learning. Seeking guidance
10 May 2024 | 7 replies
Any C-class neighborhoods are more geared towards Section 8 and long term renters.
Juliet Silver
Investment Property HELOC
10 May 2024 | 8 replies
Look for lenders with competitive interest rates, favorable terms, and a good reputation for customer service.
Aden Brust
Can you use a 1031 exchange to build a property?
10 May 2024 | 5 replies
I really would like to stick to seller financing on this deal because the terms she wants are amazing and it really could be a win-win all around if she gets to build her dream home.
Samantha Santaniello
Property Management companies in Memphis TN
10 May 2024 | 36 replies
I think working with our current company in Memphis has probably taken years off of my wife's life in terms of health.
Patti Connolly
Looking for a Letter Template on proper AC installation
9 May 2024 | 4 replies
We have a stipulation in our leases for this: Its pretty simple.
Baron Wheeler
New investor from Colorado Springs area
9 May 2024 | 9 replies
Mid-term rentals are a good strategy here.
Travis Dalke
Seller financing terms
6 May 2024 | 1 reply
Hey folks, I’m looking into a seller financing arrangement but I’d first like to ask what folks are seeing for seller finance terms in today’s market.
Malik K.
Point Breeze/Gray’s Ferry vs Port Richmond
10 May 2024 | 3 replies
Which of these areas would be a better play for house-hacking in terms of likely appreciation over the years and rentability to potential tenants?
Serena Lee
WANTED: REI Mentor Near Seattle
9 May 2024 | 2 replies
Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can benefit your growth, but it's not as simple as one post on a forum full of strangers.