Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jonathan Killam

Jonathan Killam has started 8 posts and replied 59 times.

Post: Low Cost Eviction Alternatives

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60

Another option is to have a sit down with the tenant, and find out exactly what the problem is. Then make a written agreement that states they have not paid the rent, the reason, and how and when you both agree to have the issue resolved. This will create a paper trail which could help if it needs to continue to court, and the tenant's signature is his admission of guilt.

DISCLAIMER: I am not an attorney, and this is in no way to be considered legal advise. You should always consult an attorney regarding legal matters such as these. This post is to be considered for entertainment purposes only.

Best regards,

Post: Can I refinance then pay the seller?

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60

I don't see why not. Just have a real estate attorney draft the agreement in that manner.

Disclaimer: I've never personally done this, but it is my knowledge from research on the matter.

Best regards,

Post: Theft of Hot Water Heater and A/C Unit

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60
Originally posted by @Rachel Fairweather:

Just bought our third rent house and 3 days after closing it was broken into and the hot water heater and the window A/C unit was stolen (presumably for the copper). Haven't had this happen before and want to know how to protect the house before we replace everything. I've ordered a Simplisafe security system and will have it monitored until I can get a renter in the house. Anyone else ever had this happen? Is there anything else I should be doing? I hate this feeling of helplessness.

 Some form of security system is certainly better than none. 

Originally posted by @Anthony Porembski:

@Jonathan Killam

More guns equal more death. Your quote sounds good in theory and I’m not against gun ownership but the societies who have more guns per capita also see more murders per capita.

It's interesting that you would say that without facts to back it up. 🤔

In New Hampshire we are ranked 3rd amongst the highest gun ownership per capita. Yet in 2010 we had a total of 5 murders where a gun was the weapon involved. NH is ranked as one of the lowest gun murder rates per capita. 

That being said, I won't continue this conversation any further because it inevitably goes nowhere, and just upsets people. Take care Anthony.

Best regards,

Post: Anderson Business Advisors

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60
Originally posted by @Matthew McNeil:
Originally posted by @Jonathan Killam:

After reading through every single post here I've come to the conclusion that ABA is not the answer. Thank you to every honest person who added their valuable input.

I would also like to point out the suspicious nature of the accounts that posted positive reviews for ABA. Most having little to no other activity in the forum (red flag). Some having no profile picture (red flag). Having no awards showing other utilization of the website (red flag). 

I'm thinking I'll start out with a single LLC in my state, and use land trusts when closing. I just need to figure out exactly how to structure my LLC and operations agreement. Then how to execute with the documentation to avoid DOS from start to finish.

I'm planning to BRRRR residential multi-family for buy and hold / cash flow. There might also be the occasional SFH flip, but not likely.

Again I can't thank you enough for the invaluable help and guidance everyone provides in this community. It truly is a beautiful thing. If anyone can further steer me in the proper direction I would be eternally grateful.

Best regards,

I made the same conclusion over a year ago. One more comment I'll add that you don't see mentioned very often regarding asset protection; LTV. If your LTV is relatively high (let's say above 65% - although 65 wouldn't be considered "high") there's not enough meat left on the bones after your lender takes their first position portion if the asset is forced to be sold. Also, as is probably mentioned in a previous post; if your net worth is less than a million dollars then you really don't need what Anderson is offering especially if you carry enough liability insurance. Finally, if you're proactive in following the proper rules for the management of an LLC then you can't be guilty of piercing the veil in order to protect that asset.

 Thank you Matthew.

I should have mentioned that I fully intend to leverage my properties.

Best regards,

Post: New Agent with a couple questions for the seasoned professionals

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60

Disclosure: I'm not a seasoned professional in the industry.

My thoughts further than the obvious knowledge of the market is learning exactly what the investor is looking for and why. Learn about their strategy. Only place properties in their pipeline that you are certain meet their criteria. Avoid presenting deals that could cause headaches when possible. Try not to waste their time by flooding them with deals that won't cash flow. 

Connections with Rockstar performers within other areas of the industry will be a vital tool. Lastly, don't drink too much of the Kool-aid, and get your brokerage license sooner than later. 😁

Best regards,

If you are legally armed, trained, proficient, willing and able to use a firearm for the proper legal means of protecting yourself and others... Than Yes! I truly believe more people should, and more crises could possibly be overrated if it were so.

“An armed society is a polite society. . .”
— Robert Heinlein’s

Best regards,

Post: Anderson Business Advisors

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60

After reading through every single post here I've come to the conclusion that ABA is not the answer. Thank you to every honest person who added their valuable input.

I would also like to point out the suspicious nature of the accounts that posted positive reviews for ABA. Most having little to no other activity in the forum (red flag). Some having no profile picture (red flag). Having no awards showing other utilization of the website (red flag). 

I'm thinking I'll start out with a single LLC in my state, and use land trusts when closing. I just need to figure out exactly how to structure my LLC and operations agreement. Then how to execute with the documentation to avoid DOS from start to finish.

I'm planning to BRRRR residential multi-family for buy and hold / cash flow. There might also be the occasional SFH flip, but not likely.

Again I can't thank you enough for the invaluable help and guidance everyone provides in this community. It truly is a beautiful thing. If anyone can further steer me in the proper direction I would be eternally grateful.

Best regards,

Post: Rental housing and domestic violence

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60

Exactly!

Post: Monster 3 unit BRRRR complete!

Jonathan KillamPosted
  • Lender
  • Charlotte, NC
  • Posts 59
  • Votes 60

This is very inspiring. Thank you for sharing.