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Messages - jackofall

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1
Anyone here got already funded for a Non profit's for the Targeted advance?
Just got approved today b"h.

2
Targeted eidl submitted a month ago, no answer yet, is this normal?
Same

3
The site is awfully slow.

4
Deals/Deal Requests / Re: Comma Two From Comma AI $899!
« on: April 20, 2021, 11:46:59 AM »
$100 off!

https://comma.ai/shop/products/comma-two-devkit

Get telsa like autopilot in your regular car!
Any reviews on this?

Thanks!

5
General Discussion / Re: All About Grilling
« on: April 19, 2021, 12:33:11 PM »
Can someone share a link for these?

 grillgrates

Thanks!

6
Just got approved for SBA targeted advance! additional 9k
Funds received?

7
Anybody received the targeted advance yet?
Thanks!
Anyway to push this along?

8
Credit Cards And Finance / Re: Real Estate investment
« on: April 06, 2021, 01:29:59 PM »
Or a sneaky fella . A snarky way of writing an equity split of 0/100%
I don't see how you can interpret it like that. It is explicitly only taking about the "pref" return.

9
Credit Cards And Finance / Re: Real Estate investment
« on: April 06, 2021, 11:31:25 AM »
can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."
Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.   

10
Just Shmooze / Re: Tintin nostalgia thread
« on: March 18, 2021, 02:55:31 PM »
Was definitely an (important) part of my childhood. Loved getting my hands on them.

11
Anybody received the targeted advance yet?
Thanks!

12
Thanks for this. If true, super important!

13
Credit Cards And Finance / Re: Real Estate investment
« on: March 02, 2021, 01:07:33 PM »
so what is normal for the acquisition and property management fees?

What are some of the biggest risks with these types of investments
So that is what I thought but then someone told me you can only deduct a loss (depreciation) if you are considered a "real estate professional"
on acq i see 2%+/-
PM+asset fees should not be more than 5%

Biggest risk is you can loose your money ;)

Should ask a tax professional. But there might be limits of how much passive income losses you can use to offset regular income.

14
Credit Cards And Finance / Re: Real Estate investment
« on: March 02, 2021, 11:17:19 AM »
This is a long thread so I may have missed it if this was already discussed

Does anyone here have experience investing in a real estate deal for an apartment complex ($15m+, 200+ units), where they offer a preferred return and then an equity split?

What is standard for the preferred return and equity split?

What are some of the things to look at to see if its a good deal?

What are the biggest risks with these types of investments?

I've heard conflicting things on the tax benefits of investing in this type of real estate, are there any?

Any other questions I should be asking?

I work on the "other" side, the syndicator side so I can give you the "inside scoop."

First of all, the rule of thumb in real estate is that there are no rules. Simply because every parcel of real estate is unique. However, there are certain standards in each market and asset class. My experience is from a secondary/tertiary market, Class B- through A.

As far as how much syndicators take, many have become sophisticated over the years and set-up increased percentages based on stronger performance.  On a simple level, I see a lot 7 or 8 percent pref and then a 70/30 split. Additionally look out for fees that are taken, on acquisition and on property management/asset management.

To see if something is a good deal is to evaluate the risk/return ratio and your appetitive for risk. There really is no short-cut here.

Typically these investments are very tax beneficial as even a good property, distributing funds will have a negative profit for tax purposes.

15
Destination Guides And Trip Planning / Re: Lakewood NJ Master Thread
« on: February 04, 2021, 05:57:55 PM »
I am looking to advertise to hire and want to know where is the best place to advertise? TIA
BP Classifieds is the go to place.

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