Author Topic: Real Estate investment  (Read 38914 times)

Offline WhiteWolf

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Re: Real Estate investment
« Reply #240 on: April 05, 2021, 12:20:39 PM »
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."

Online GershonNY

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Re: Real Estate investment
« Reply #241 on: April 06, 2021, 10:29:03 AM »
How far upstate? And how many properties?
Catskill region

Offline jackofall

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Re: Real Estate investment
« Reply #242 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.   
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Offline WhiteWolf

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Re: Real Estate investment
« Reply #243 on: April 06, 2021, 12:22:39 PM »
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.
I assume you are correct. Most probably a copy and paste that went wrong.

Online whacked1

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Re: Real Estate investment
« Reply #244 on: April 06, 2021, 01:22:45 PM »
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.
Or a sneaky fella . A snarky way of writing an equity split of 0/100%

Offline jackofall

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Re: Real Estate investment
« Reply #245 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.
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Online whacked1

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Re: Real Estate investment
« Reply #246 on: April 06, 2021, 04:39:21 PM »
I don't see how you can interpret it like that. It is explicitly only taking about the "pref" return.
Lol. Ya youre right. I reread it .

Offline VacationLover

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Re: Real Estate investment
« Reply #247 on: April 06, 2021, 05:57:19 PM »
Catskill region
Steinmetz
845-521-9888

Online GershonNY

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Re: Real Estate investment
« Reply #248 on: April 07, 2021, 09:36:17 AM »
Steinmetz
845-521-9888
You have personal experience with them?

Offline VacationLover

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Re: Real Estate investment
« Reply #249 on: April 07, 2021, 11:45:59 AM »
You have personal experience with them?
A friend uses him to manage a few houses in Monticello area.
I spoke to him over the phone a couple of times, he was very helpful.

Online GershonNY

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Re: Real Estate investment
« Reply #250 on: April 07, 2021, 02:49:05 PM »
A friend uses him to manage a few houses in Monticello area.
I spoke to him over the phone a couple of times, he was very helpful.
Thanks

Offline good sam

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Re: Real Estate investment
« Reply #251 on: April 08, 2021, 07:20:59 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."
Terrible drafting but it probably means  that the preferred return is payable only to the extent there were additional capital contributions that remain unreturned post refi.
If you don't care why would you comment?
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Offline Yosel

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Re: Real Estate investment
« Reply #252 on: June 09, 2021, 03:05:27 PM »
Any leads for good industrial properties, with NNN tenants for sale, please PM me
doing a 1031

Offline Shmulie

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Re: Real Estate investment
« Reply #253 on: June 09, 2021, 03:42:33 PM »
Any leads for good industrial properties, with NNN tenants for sale, please PM me
doing a 1031

I might know of something

pm'd you