9 March 2018 | 8 replies
This number isnt taking rent increases into account.Looks pretty ok on paper (unless I'm missing something and it doesn't)The breakdown for your first example would have the sponsor (who I'm assuming is me in this scenario) receiving:Acquisition fee: $1,750Asset MGMT Fee: $672 80/20 split when sold in 10 years: around 25KAnd since this is a smaller deal a more basic approach of 70/30: 4895/2098 or 8% back to investor annuallyDoes this seem to check out?
28 February 2018 | 0 replies
To cover myself, I added the following provision to my lease..."... when needed to water the grass, Tenant agrees to allow use of their paid water to maintain lawn health and appearance as needed."
6 July 2018 | 54 replies
I hate to make light of it, but this one has me pretty unnerved.
1 March 2018 | 1 reply
I’d say it’s pretty unlikely.
1 March 2018 | 13 replies
I think this partnering pretty clearly crosses the red line.
1 March 2018 | 7 replies
The solution to this one is pretty simple: find someone that is familiar with 2-4 unit residential lending and knows how to package it for underwriting correctly.
2 March 2018 | 1 reply
This is a pretty strange situation, but I like to hear opinions.So, I had signed a lease from January 7, 2017 - January 31, 2018.
7 March 2018 | 24 replies
I said I don't want to have deals come to me that have gone to 50 other people if I want that I can just get on MLS..or the auction sites.. if you want to send me a deal and only me.. then OK.. well that pretty much ended that. :)
9 March 2018 | 4 replies
We have been in discussions with a lender through Flipping Depot called Sunway Realty that has agreed to fund our deal and has pretty decent terms.