22 July 2024 | 13 replies
Again, i might be wrong but I've done my fair share of transactions across dozens of states (NY included) and a seller concession has always been interpreted as a seller's contribution to the buyers closing costs or principal purchase amount.
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22 July 2024 | 9 replies
Back when I was in the acquisition side at a large apt holding firm, every property was in a separate LLC, and when I spoke to investors there (Nebraska) it seemed like small and large investors kept everything in LLCs as well.Not sure if it is just state by state or what, because I always thought that was the way you did things as an investor.
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22 July 2024 | 21 replies
TN doesn't have the same restrictions some other states do so they should be able to provide you with a couple options at least.
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22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.
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23 July 2024 | 3 replies
I own 10 sober living homes and operate them myself in California and Massachusetts.
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23 July 2024 | 6 replies
Thoughts on rent to own?
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17 July 2024 | 0 replies
Our LLC owns one raw forested land lot in each of 4 states.
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22 July 2024 | 13 replies
Or even better, find a place of your own to buy if you can, so you don't have to deal with renting and paying 100% interest anymore!
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23 July 2024 | 52 replies
Or start your own :D
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24 July 2024 | 36 replies
Remember you don't have to own a property to control it.