All Forum Posts by: Javier D.

@Joseph Janarski Negotiate what? Ignore them until you get a letter from their attorney. Dont feed an emotional beast. Obviously this is an emotional person. Meet them at a therapist’s office for some prescription medicine or at your law office after they send you any legal documents from a lawyer. Dont be scared. You will justify their behavior and feed their idiocy if you keep coming to the negotiating table after the deal is dead. Move on. Block their number lol.

Originally posted by @Jonathan A.:

@Javier D'Espaux No he kept his commission and the only one that had an issue with that is the one that has an issue with me. Everything was black and white before we did the deal, she should have never partnered in this deal if she wasn’t happy with the terms. As of now all I got was a letter trying to scare me from her lawyer to provide real numbers. She claims to have saved receipts she collected from workers and payroll numbers, I asked them to send me those numbers so I can provide the missing numbers but they refused.

 In these kind of deals Im transparent and show my overhead and profit on a separate line (10/20).

You wont make them happy no matter what at this point. Make them fight for it. If one partner kept his commission then you should be profiting from your license as well. I would have been clear but if your agent made 30-60k/ minority partner profit then why arent they going after that as well? I think there is a big communication breakdown here. I think you should exhaust your options amicably but be prepared for litigation. Court should always be a last resort, especially in your position. You are the money and controlling partner so you will be against the wall providing documentation etc.. what a pain in the a**.

Maybe Show your numbers to them and offer them a couple thousand bucks to go away. First consult with a lawyer.

@Jonathan A. Did the agent partner split his real estate commission back into the deal?

@Axel Ragnarsson Awesome bro. 33 here with 60 doors. Its a beautiful thing to be aggressive and just get as many doors as possible. Leverage is the real power in real estate but if you have a clear goal of ho much you want to net a month...double it. Now diversify and pay off some of it. I dont know your liquidity but if a market adjustment or anythingnhappens to our economy as good as it is now would put you in the negative..can you weather the storm? I know the cash on cash is reduced and its annoying but once cashflow gets to a point where your comfortably living ,whats the difference between 25 or 2000 doors. Ill take the 25 paid off than being overleveraged at the mercy of powers outside of my own. Mix it up a bit. You are an example brother thank you for sharing your success and method.

@Caleb Godsey Not to go off topic but why a 15 year mortgage and not a 30 year so it cash flows more? He can always throw extra at principal only.

@Joshua D. Congrats my friend. Looks like a homerun to me! I would invest on A good home inspector and some title insurance. I bought a 2006 home in a tax deed sale and thought the water in the area had sulfur due to the smell. Ended up being chinese drywall. Point being its always good to do all your due dilligence asap even if its post closing. I dont know if they do quiet title actions in your area but if its not a warranty deed you may have to since it was in probate. Again, every state/county is different but I would: 1.Get title insurance 2.consult with a lawyer regarding probate concerns/potential title actions. 3.get a home inspector and permit history on property. If its a subdivision maybe talk to neighbors about property history/builder issues or concerns.

@Julianne Croegaert In my area companies offer transient internet services. About 20 dollars a month and a 40 dollar setup fee. A couple of rings (one in the kitchen facing appliances and one by ac unit) Ive done it and have a friend who asked the thieves to please put the ac on 78 before they go to jail lol.

Im selling off all my assets and building a bunker. Trying to finish it before september 12, 2019 which will be day of market crash. Trumpian 12:10 for he will lead the lamb to the slaughter.

@Aman A. This would be a quick flip for me not a hold property. 1200 in potential profit from rent on a sfr will really be negative in real life between vacancy and your big ticket items or even maintenance. One plumber will kill 3 months of profit. That a/c unit in 5-10 years will be 4 grand.. one vacancy after 2 years causing you to paint the unit again and so on. Now flip it make 15k off 65k invested in 6 months look good to me.

@David Detweiler 23 years old... dude you’re light years ahead of the game. What are your short/long term goals if you Dont mind me asking?