All Forum Posts by: James Conaway

So on the the networth requirement, you have to have $1M to borrow $1M?

Did you really pay 57k for guru classes?

He is investing in IL. They have one, if not the highest tax burdens in the country. The public unions are raping the taxpayers... I would not invest in that state, until the municipalities implode, then come back. IL has a yearly net decrease population flow.

If you don't have experience how will you know if your PM is doing his job? Your responsibility is to hold them accountable. That trust you have in the PM should be earned. Starting big is easier long term, but you will be learning with a big bet. If you are totally new to RE and Managment start small.

What is a good general cost policy for charging tenants for time for repairs made by yourself? I understand if it was a trade guy, just pass the bill onto the tenant.

I am doing repair work on a unit due to a tenants mistake (Replacing a garbage disposal). I would like to bill the tenant for my time and materials. What do you typically charge for your time per hour?

German roofing. Used 3 times, no problems.

There is no bubble, it's different this time.

Social norms = the notion people have a right not to be offended.

Illinois may become the first state to declare bankruptcy since the Great Depression. States are not able to declare bankruptcy, federal law. Municipal cites are, but not in Illinois, state law. A day of reckoning is coming with a reset, but the same system, people, power structure will still be in place so it will just happen all over again. Thankfully people can vote with their feet, and the states compete with each other for residents. Arizona, my state, Has benefited quite a bit from the migration from other states, and as a result it's real estate as well. The great state of Illinois, where the governors make the license plates

Call the number and tell him you have a check ready, meet him and bring a bat?