All Forum Posts by: Lindel Turner

@Ashish Acharya

Thank you

@Lance Lvovsky

I am in beginning stages of setting up the trust. The LLC says nothing in the articles about death of a member.

@Ned J.

Might make sure they don’t move the flags after surveyor sets them. Either be there and take pictures after their set I’ve been in similar situation. I had an entire house sitting over about 3 feet. I butted up to the house built a retaining walls pretty crappy one at that. Good luck with crazy

@Terry M.

If placed on a trust I’m assuming they need to be in the operating agreement 50/50?

I am sole member of LLC how do I leave this to my children? I have an operating agreement but does not mention what happens if a meme we dies. Do I add them on the operating agreement as members and pass it to them that way? Or a revocable trust? Or both?

@Nicholas Groover

If you have a car payment. Try eliminating short term debt. Sometimes a car payment can be as much as a house payment. Sounds like you have spirit. So put that first.

@Jennifer White

1. Look at the roof and HVAC make sure it’s going to hold up a while. If not adjust sale price

2. Check cap rate and make sure your cash flow is sufficient.

3. Best units cash flow without a down payment. 20 percent down is just icing on the cake. Don’t be afraid to pay it.

4. Shop the banks interest rates.

@Cesar Perini

I have two friends 2 different philosophies I listen and make my own judgement. Both have about 20 properties. One has 20 paid for the other owes and said he will never pay his off. 20 owed on is same as having 10 paid for and easier to manage. If your starting off you need some leverage to grown and time as a favor. I don’t struggle as hard as I used to 25 years ago I will say when you put 20 percent down and you see your cash flow is in the green and your making money it feels good. I use my cash reserve now to buy down my rate. For example. If the bank raises rates and my payment. I ask them how much to keep it the same. Banker says 5 k. So I pay my loan down 5k. Now that I’m older I watch my loans I have had getting smaller is nice. Manage what you can find your happy place. You may be a small investor for the rest of your life or like a larger family company that has 700 units.

@Cesar Perini

As an agent and investor if you find one you like make a back up offer. There’s some many that never make it to close. Put it in writing not verbal

@Munir Hassan

Yeah been there done that kick the dust off your shoes move on. Your gonna get your feelings hurt by a bunch of greedy folks, immoral and uneducated folks. In all dealings in real estate. It will be the down fall of agents. It will allow easy access for amazon and google to take our jobs away as agents.