All Forum Posts by: Moshe H.

@Llewelyn A. @John Hickey I'm hitting the upvote button a lot here for interesting & entertaining posts, thanks! John, that's exciting news about Newburgh... If I keep my eye on what you're doing I might be able to get in on something there right as it's turning the corner but before gentrification really starts in ;-) I'll let you do the hard work and (hopefully) make the bigger returns.

Good luck all!

@John Menton that's what I'm doing, strategy recommended by @Scott Smith.

Looks like the tag in my last post didn't work, calling on @Rich N. for any sage advice!

I have a tenant who was supposed to be paying gas (heat & gas stove) but never put the utility in her name. I called them today to shut it off, which they will do Monday.

I know that under the law the landlord must provide heat from Sept. 16 onward. But here, it states clearly in her lease and was explained to her that she must pay for utilities. Will I face legal trouble if I don't turn it back on by the 16th, due to that code, or am I ok because she agreed in the lease to pay for her own heat?

To clarify: The property is in MA.

@Rich N. ;-)

@Jaysen Medhurst @Ben Vargas Venture 20 minutes north of Pittsfield and you have a very nice area for cash flow, North Adams, MA. I have some property there and a friend of mine has a website with a little more information, www.robinfirst.com. It's a bit of a drive but worth it ;-)

@Rachel King what about Haverstraw?

Talk to @Scott Smith, he deals with these kinds of structures day in, day out and loves helping small investors gets started with entity/trust structures for asset protection. The LLC doesn't have to be registered in your home state. Scott does it in TX. When I went to the bank (NY) to set up my bank account and gave them my operating agreement the branch manager looked at them and was like, hmm... Texas. If it was Nevada, I would think something funny is going on, but I won't argue with Texas. LOL!

@David Hamilton what's the max loan-to-cost-basis that commercial lenders will underwrite typically, if they want you to maintain cash equity?

@Phineas Howie I live in lower Hudson Valley and I find the prices in my area to be within 5-10% of real value generally. Of course there are exceptions. It's probably a good tool to get a rough idea of value, but not more than that. In some other areas of the country it's almost worthless.

Interesting perspective @Gabriel Haney. I agree @Bill Hughes should look closely at all his options.