All Forum Posts by: Eran G.

Where would one start the process of looking for FSBO cabins in Broken Bow? I am interested in buying a newer cabin.

Where would one start the process of looking for FSBO cabins in Broken Bow? I am interested in buying a newer cabin.

I am thinking about purchasing a cabin in Broken Bow, OK and I am wondering if a 1 or 2 bedroom for STR is still a good investment considering cabins there have seen an appreciation of about 30%+ in the last year. I know everything is expensive but as an investment property, does it still make sense to invest in Broken Bow?

I happen to know he is working from home as he manages a large department store.  That said, his employer has been in the news and is having major financial issues and I am not just thinking about whether he has a job today but what about in 2 months from now when all the major players in the clothing retail industry are on the brink of collapse.  What worries me the most, especially in CA, is what you can and cant legally ask.  It rarely works accordingly to logic here.

I have a tenant whose lease is up for renewal and the property is California.  The tenant has been great thus far (he has lived in my property almost 12 months) but works for a large clothing retail company and retail is doing horribly right now.  I am obviously nervous about renewing a 12-month lease during these uncertain times and I would like to ask the tenant his existing financial viability and job security.  

First of all, is it legal of me to ask questions about his savings, income, and job security prior to renewing the lease?  If it is legal, should I just ask in a conversation his financial well-being or should I ask to see documentation of bank statements for savings or income?  We already went through all this when the tenant signed up nearly a year ago but I don't know the legality of asking such questions after the lease has been signed, even if it was a year ago.

Also, with moratoriums on evictions in most states and California being one of the most tenant-friendly states out there, would it be wise of me to have the tenant sign a 3 or 6 month lease and constantly renew it so as to not lock myself into quandary in the event my tenant's situation takes a nasty dive?  One concern I have using this strategy is that it makes me look poorly and could create ill will when things are otherwise going quite good right now relationship-wise.

Thank you.

Thank you so much, Tracy.  I live in California.  Is there anyone in California who could share with me their strategy for including fees in their lease?

I would like to include fees into my lease agreement for failure to follow through on lease covenants.  What are some of the fees landlords typically include in lease agreements and how much are they for?  Also, I am curious as to the actual verbiage some of you use in your lease agreement.

Thank you very much.

I frequently read that investors purchase their notes within a self-directed IRA. I understand the idea to be that the capital gains associated with the interest payments the borrower pays the note holder are then not taxed. Just so I am clear, when investing in notes in this manner, it is assumed that money placed in the self-directed IRA will not be touched until the age of retirement, correct? Meaning, I shouldn't invest in notes (or any other asset class) in my self-directed IRA unless I am prepared to not touch that money I until I retire and that is what most people who are buying notes in the IRA are doing? Am I understanding this correctly? I also understand that the money can be pulled out before retirement, but would then be taxed? Is that correct?

 I will second what Bo said.  Simply be aware that any recommendation made to you by someone from the forums, may or may not, have a vested financial interest in that recommendation.  It can be done very sneakily and under the guise of "I just want to help you", but the recommendation may very well be a commission-based referral.  It can be hard to untangle all of the motives behind recommendations that you may come across here so simply be consciously aware of hidden agendas in the case of recommendations.  Best of luck to you!

I have messaged Ali directly and can personally vouch that she made no direct\indirect effort to try to sell me anything or even steer me in any particular direction.  She answered my question and simply put it out there that she would be willing to answer more questions in the future.  I have not purchased anything through my communication with Ali or Hipster investments so I cant vouch for the value of the investments themselves, but Ali as a person and a professional, appears to me to have her heart in the right place.