All Forum Posts by: David S.

@Alan G.

 Thanks! I'll have to see if I can find an 'Address service requested' stamp at an office supply store. I'd have to measure the PCs, but pretty sure they're under that size. Thanks again. 

Great, thanks for the information!

I'm sending out my first set of postcards and letters this week, and  need some advice on the mailings. Do you need to do anything extra to get the post office to return mailers to you besides making sure your address is on them? I've read that depending on the class of mail, postcards get trashed instead of being returned to the sender or forwarded. 

Do I have to add 'address service requested' or something similar to get them back, or the letters? I've browsed the USPS website, but it hasn't been helpful or clear. 

@Jonathan Twombly

Thank you very much for your detailed reply. You have convinced me that using an LLC is the only smart way to go.

@Jonathan Twombly

Jonathan, one objection I have heard to creating an LLC is that courts are inclined to pierce the veil and take your personal assets if a judgment is greater than your insurance coverage. Do you have any experience on this, or thoughts?

@David Peters

 You could try talking to Robb Schwartz, a partner at Hanbery and Turner, P.A. I went to a presentation he did on business structures for RE investing. I haven't personally worked with him, but you could give it a shot. 

@Jake Hartnett

Did you ever try it? I'm interested in comparing it to Listsource.

Ray, you might try http://www.mmha.com/

@Franklin Romine I considered it, but the numbers won't work. The cost to add the egress windows would make it uneconomical for me to purchase. 

Was looking at a property recently, and spoke with the seller's agent. He said some of the tenants of the duplex are sleeping in the basement, which has no egress windows. No egress at all, except the stairs to the main floor. 

I'd be concerned for their safety to start out with. It does raise a question though - what are the legal requirements of the landlord? If I purchased the property and knew, or had a reasonable suspicion, that tenants were living in the basement could I be liable?