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12 May 2024 | 0 replies
Here are a few reasons I want to move into this industry: I love property (and would love to own it around the world), I enjoy spending time with family and traveling, I want a more flexible life down the line so I can spend more time doing the things which are important to me.I am looking for someone in the UK or European market and would like to have a stimulating conversation with you to learn more, and I would love to offer my time and energy to help you towards your business.
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10 May 2024 | 19 replies
Is there a chance that rates and prices decrease in the next 1-4 years as our cash reserves increase, thus creating a better scenario for us first time investors?
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15 May 2024 | 35 replies
Interview three local, experienced Agents- and go with the one that gives you the most bang for your buck, has at least 10 years in the business, and has solid referrals.
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11 May 2024 | 7 replies
Business cards are just kindle.
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10 May 2024 | 10 replies
In March I rented and furnished a 4 bedroom home in Hyattsville, MD for STR and it's doing well so far with 21 nights booked since listing on March 18. I'm looking to basically rinse and repeat. But I don't have the b...
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10 May 2024 | 116 replies
You have to use leverage to scale you're business.
12 May 2024 | 2 replies
If you are in small towns that are growing you will be an ally to the community development office as most are always complaining about available housing for business they are trying to bring into town.
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10 May 2024 | 7 replies
The broker is also the property management company, and they believe there is some room for a rent increase.
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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.
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12 May 2024 | 14 replies
If the animal is aggressive, noisy, or damaging the property, then hit them with a warning, then a fine, then require removal of the animal or termination.Service animals are increasingly common, and most of them are complete scams.