3 ms·
Pinky swear you’ll pay for the upkeep, all of it? It’s not just day-to-day maintenance (which I promise costs more than you’d expect) but also long-term buildin
by nocoiner 3y ago
Pinky swear you’ll pay for the upkeep, all of it? It’s not just day-to-day maintenance (which I promise costs more than you’d expect) but also long-term building integrity and lifespan assurance.
There are about 100 condo residents in Miami who kicked that can down the road to disastrous consequences and paid with their lives.
Plus, negative value to equity is absolutely possible in this scenario. Let me know how far you get in the commercial real estate world without signing a personal guaranty.