Jay Axness
Seeking mulit-owner deal structure advice
23 May 2020 | 5 replies
[ONLY IF A SHARES EXIST] The option to sell shares to be determined by "A share" holder, president of LLC, otherwise if the president elects per below:Restricted sale provision:Shares of LLC are not marketable except to existing shareholders or to a prospective shareholder if and only if unanimous agreement from the existing shareholders.Selling to new shareholders or selling off a portion or all of the real estate: If shareholder voting is unanimous, a portion of or the entirety of the underlying real estate can be sold to a new shareholder and/or removed from the LLC ownershipLLC shareholder(s) buyout of shareholder: If any existing shareholder desires to dispose of their shares (and the desire is not unanimous as in part 2), they must be offered to existing shareholders at XX% of current assessed tax value of the underlying real estate associated with the shares.
Mark Benevento
Purchasing duplex with 2 tenants / Want to get them out asap
3 June 2020 | 8 replies
This information would hugely help in giving you accurate advice.The stance on this forum is generally to take a strong arm legal approach when you want to remove someone.My first approach has always been to kill them with kindness and leave the strong arm legal as a fall back option.Your idea to pay for their rent elsewhere sounds like a great idea.
Lake I.
FHA or Investment Loan for Triplex?? First Timer
27 August 2020 | 5 replies
Get the longer term, low residential rate locked in, and then in a year either refi or apply for PMI to be removed based on the higher FMV.FYI: the CU (or any lender) will most likely lend on the lower of purchase price or appraisal, so that $98k appraisal isn't going to get you out of a down payment.
Jerry Hill
Social Media as a pre-screening tool
5 June 2020 | 10 replies
My experience with pets is that they tear things up and even if they don't tear things up, they leave a smell in the unit that is hard to remove.
Jaki Ollango
Mobile Homes/ manufactured homes
30 July 2020 | 4 replies
Working on general fixing and cleaning, 13 trees have been removed.
Harman N.
25 year old furnaces, water heaters: replace upfront or let fail?
9 August 2020 | 21 replies
But I do have a friend who will remove the old furnaces & then install them in his own rentals.
Bill Williams
Vacation Rental Electronic Lock Recommendation Beach Home
16 January 2023 | 27 replies
You can program new codes and remove old codes via the App.
Jason Meadows
Is it possible to do 3.5-5% down without PMI?
14 September 2020 | 12 replies
You have full buy out and partial buy out to remove or reduce the monthly PMI.Some lender allow you to opt for a higher rate and that will offer a lender credit to also buy out the PMI.
Vincent Ponte
How do I get rid of tenants dealing drugs out of one of my rental
25 February 2021 | 21 replies
Something along the lines of “current tenant and ALL of their possessions removed and house cleaned to a reasonable standard free from all drug paraphernalia etc or buyer to be credited $______ “Make the wording work for you
Freddy Poveda
RV rental for cash flow and depreciation?
25 November 2020 | 8 replies
This would remove from the equation the motor part of the RV which based on my research can be an issue down the road, plus on the road liablity.