25 June 2015 | 4 replies
Your biggest investors will have the negotiating power, however you can try something like this:Pari-passu: 0-8%, 90lp /10gp First promote: 8-16%, 75lp /25gp Second promote: 16%+, 60lp /40gp Hope this helps.
16 April 2017 | 40 replies
French banks dont finance US properties, it's a french company that plays an intermediate part between us banks and the borrower.
22 June 2015 | 5 replies
That could play into whether or not the lien will be wiped out in the event of a Debtor's bankruptcy.
5 October 2016 | 6 replies
Establish contact and arrange a payoff so that the lien is cancelled before the foreclosure process is triggered by the "Power of Sale" clause in the senior lien aka Deed of Trust in NC.
26 June 2015 | 4 replies
If you can find a lender that is investor friendly, they can help you "house hack".I think a lot of banks like to see you occupy the property for at least a year... but if you can find a loophole, more power to you!
25 June 2015 | 6 replies
As Wayne said, you need to make sure the stay was lifted in the bankruptcy and then you are free of any restrictions imposed by the bankruptcy (or bankruptcies- they may be trying to play games with multiple filings).
16 January 2020 | 8 replies
That gives tenants all the power and will make these types of conversions next to impossible.
30 June 2015 | 44 replies
You need the interaction in the live room you need the role playing to hear how the pro's handle objections etc etc.
28 June 2015 | 16 replies
Don't let personal opinions get on the way, ask for an approved change order, if they couldn't produce it, play hard ball, after a few arguments, draft what you want to pay, and let them know that this is only what your paying. i lost 50k on a job because I didn't have the right paperworks, and there's nothing i could do, so i know what it takes legal wise.
26 June 2015 | 7 replies
They are OK and will always be just that "OK".On the buy and hold side my focus now is building up my rental portfolio in the In-Town hoods that have good cash flow today, but also a potential appreciation play 10-15 years out.