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All Forum Posts by: Dan LaFontaine

Dan LaFontaine has started 4 posts and replied 55 times.

Powerful data. Thanks @Mindy Jensen and BP for the hard work compiling this. 

Post: How to get the Nassau or Suffolk County (NY) Tax Lien list?

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21
Originally posted by @Dan LaFontaine:

@Franco Vanderka @Dennis Regn

Contact the Suffolk County Comptroller at six three one 852 3922.

Or contact the Tax Receiver in the town of interest...

https://www.suffolkcountyny.gov/comptroller/Town-Tax-Recievers

Post: How to get the Nassau or Suffolk County (NY) Tax Lien list?

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21

@Franco Vanderka @Dennis Regn

Contact the Suffolk County Comptroller at six three one 852 3922.

Post: Quickbooks, Quicken, or better software out there?

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21
Originally posted by @Gaspare U.:

Check out wavapps.com I've been using them for 5 years now. and it's free ;)

Actually it's... 

https://www.waveapps.com/

The original posted link is a domain squatter.

Post: Foreclosures and bank owned

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21

@Amanda Rose is US Bank NA the foreclosing bank? So that last sale was very recent and it means no one bid at the auction and the bank just took it over, which is very common. Is there no REO listing for it yet? If not, just approach the bank directly and make them an offer. They might actually take less than the debt they waived to take over the house... They might do this simply to save admin burden, costs,and time. Or if the debt was more than current market value, especially in a state where they are allowed to still go after the foreclosed prior owners for the difference. In any case, don't be afraid to go directly to the bank before they list it.

Post: Do any investors do background checks on general partners?

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21

@Lee Nestlerode 1000% with @Ronan Donnelly and others. Actually, sometimes not only the GP but any other major players. Some of the background check companies will give you package deals, in which case you might want to even check the broker, the property manager, etc. Best money you'll ever spend. Just be sure to use a high quality company and pick a thorough package. @Sam Bates provided a list, and there are plenty of other reliable reviews to help you choose.

Post: Do any investors do background checks on general partners?

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21

@Kay Kay Singh Glad that worked out for you, but IMO that's playing with fire.  Scammers are very smart too and they certainly know the basic trust principal that if someone agrees to a background check they must have nothing to hide. In fact that's the fundamental basis of con man's strategies, hence the term "confidence man/con man".  With the low price of background checks these days - not much more than your wire fee and certainly less than your attorney fee, I'd say it's not worth saving the $25-175 or the 15 minutes.  Unless you know someone personally or have come to through past deals.  Which I personally try to focus on.  But to each their own.  Wishing continued success on your investments.

Post: How do I know if I'm accredited?

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21

@Lamont Marable 401k is tricky.  Depends whether it's vested or not.  To the extent it is, the contributions for that year can usually be included in income, but in this case that won't be enough on top of 100k to hit the threshold, unless there are other forms of income, and some other types of non-cash or deferred income can also be counted.  As for net worth, the value of the 401k can be included in assets and contribute to the $1M threshold.

Post: Smart Home Features

Dan LaFontainePosted
  • Developer
  • Hamptons / Montauk, NY
  • Posts 58
  • Votes 21

@Max T. what did you end up installing if anything?  Even in cases where their is no cost savings, risk mitigation, or operating efficiency, these devices can still be a good marketing investment as they can sometimes help you stand out vs the competition. Assuming the right market and target demo of course.  If this is the case (vs the earlier benefits I mentioned), stick with well know brand names and high visibility devices to get the impact.