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13 May 2019 | 22 replies
Since you are a first time investor proceed with caution.
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10 August 2019 | 7 replies
Title company may be willing to hold back sellers proceeds in an amount equal to the lien x 3 for 30 days or so while the seller works on clearing the lien.
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13 May 2019 | 3 replies
I've always been wary of anything with HOA fees, and if you do proceed, make sure you do due diligence and get the HOA meeting minutes and anything else you can find about maintenance and future cap ex needs at the strata.I've also noticed that you didn't include any appreciation of rent or property value and think that it is skewing your numbers slightly.What is your exit strategy?
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22 May 2019 | 12 replies
Ignore the neighbors and proceed with your business plan.
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14 May 2019 | 4 replies
I am on the fence whether to proceed because it appears there will be little equity' Here are a few details:Duplex - side by side - both units 2 bedrooms, 2 full baths, 1000 sqft each.
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13 May 2019 | 0 replies
I've not had this issue but am thinking the right way to proceed would be to have a professional pet control company inspect the place before moving new tenants in.
13 May 2019 | 2 replies
The title co will distribute the sale proceeds to whomever is vested / owns the house.
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14 May 2019 | 5 replies
The final distribution was as follows:Net Proceeds from Sale $314,419 Account Balance Adjustments $18,822 (reserve funds, mortgage reserve, insurance refund, etc.)Total Funds Available for Distribution $333,241 Disposition Fee - .05% of Sale Price $(3,400)Return of Capital $(130,000)Tax and LP Dissolution Reserve $(15,000) (funds set aside to dissolve LP)Subtotal $184,841 Limited Partners Profit - 75% to Capital Contributors $138,630 Managing Partners Profit - 25% to Managing Lessons learned?
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15 May 2019 | 5 replies
Third unit is an addition on back of house on own utilities.) which I pay for heat for those three units, they pay electric.So my question is, how should I proceed?