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All Forum Posts by: Doug Pintarch

Doug Pintarch has started 0 posts and replied 359 times.

Post: World Wide Dream Builders (WWDB) - Amway

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

"You'll be the guy that everybody hates to see walking toward them. Family and friends will avoid you like you're radioactive."

@Charlie MacPherson, YES!   Had a friend and co-worker who did this thing called Melaleuca in the mid-90's...very similar to Amway and he shopped and pushed and worked it into every conversation so much that we pretty much ran him out of the dealership after a few months.   He went to another store and didn't last long.  Never made back his initial "Investment" in the products (Household and laundry crap I believe) and dropped from contact. 

I look at these things like religions...if it makes you happy and gives you direction and peace then have at it, but please stop trying to convert me to your faith after I say no thank you the first time.

Post: Rent is late, but tenant has a story. WWYD?

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

I agree with the comments above.  Don't care about your sob story, your kid ran away, your cat died, whatever.  Pay me or pack your s***.

Humans, they'll game the system.  Every time.

Post: Going against the grain for a new investor on internet forums

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

@Trace A. Welcome to the community from a fellow newb.    Fun, isn't it?   :)     

I'm more of a listener and note-taker myself, but there are so many helpful people in here and so much to learn and ask questions about I find myself more of a contributor than I had planned on being, but that's no longer a concern.  having fellow investors to bounce stuff off of more than makes up for "Hiding"!

Best of luck..get going!

Post: What cities are currently great for high airbnb returns?

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

@Paul Sandhu I read your ad and when I got to the third paragraph I said out loud "Damn!  That's harsh Paul"!!    But then I realized you're speaking directly to those guys and they don't do glossy bullsh!t.  Well put together ad and it obviously works for you!    Thanks for the link!

Post: Transferr property into LLC

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

Post: Are condos a good decision for a first time investor?

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

@Dante Farres dig, dig, dig. We did 6 months of due diligence and research and walking around and talking to owners in many many developments and communities before we bought our condo. You need to know how the HOA is run, how many units are owner-occupied, how big the board is and who's on it, how the management company takes care of the place(s), what the HOA fees include...for every unit you're interested in that's not in the same community. My notebook is 3 inches thick for our first property. When our realtor told us about a unit that was up for sale I knew exactly where the development was and how far from the beaches they were and what side of the highway they were on. We play with blood money so I take it very seriously.

Post: Is creative real estate investing just GURU pixie dust or what?

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406
Originally posted by @Wendy Patton:

@Account Closed I don't want to get into it with you on this forum as I don't speak anymore and I don't coach anymore. I used to do both. I give free advice all the time to people but mostly now it is in my REIA or with local real estate agents/investors. There is only so much time in each day and a true Guru should be doing deals and running their business, which means they don't have a ton of time to vet tons of deals with newbies who say they will split the deal with them. There is so much more to your statements and honestly I don't have the time to banter it fully. I tell most people they need a license and push them to get one - most states require it for you to even wholesale a deal. Most investors never get one and most don't get into trouble but you are right you have to be so careful and the wrong person (normally a real estate agent) can turn you in and you could be shut down. With that said though I am also one who wouldn't pay a dime for leads you purchased, it isn't how I do business, but there might be some who buy homes from Internet leads. Be careful not to put everyone into the same bucket. I don't put all Newbies into the same bucket, but 90% of people won't do anything with what they learn even when they have attended a 3 day bootcamp. Helping the other 10% is the key! Hopefully you can focus more on WHO is the right person to help you do deals and not worry so much about who isn't the right person. There are scammers in every business out there.

Very well said, Wendy.

Post: LLC set it up yourself or a Lawyer

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406
Originally posted by @Stanley Bronstein:

@Paul Stewart Forming the LLC usually isn't the problem. It's putting a good operating agreement in place and then following the proper procedures once everything is in place to make sure it's run properly. My recommendation is you find a NJ attorney and pay them once, to set everything up for you and to give you some advice. I'm not licensed in NJ, but in a case like this (if it were AZ or TX), I would probably set everything up and charge around $1200 to $1500 and the client would get a couple hours of legal advice thrown in for that price to help make sure we're setting everything up properly.

NJ prices might differ.

This. Buy Once, Cry Once. Research and find a qualified attorney that is intimately familiar with what you intend to do with your investments and your LLC and then write him or her a check for whatever they ask for. Then go follow your OA and procedures and sleep like you've been shot.

Post: Subletting a Rented House

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

Don't.  Just house-hack your own 4 unit after you save for the down payment.  Sneaking into a sublet isn't cool at all, and no way to start investing in real estate.

Post: Eviction - you cant make this stuff up

Doug PintarchPosted
  • Rental Property Investor
  • Harrisburg, PA
  • Posts 369
  • Votes 406

@Jay Scott  I won't call you an A-hole...unless you do it again!    :)  

You have to play hardball.  Humans...they'll get around everything you try to do unless you slap them right away.