All Forum Posts by: Pierre E.

Searching to learn more about Hard Money Lending specifically compared to private and fund this. great thread

I watched a video that did live testing and mice can fit through holes smaller than a dime, and actually can fit through gaps even more easily. What are your best methods to deal with mice in your properties esp single fam?  

I have a house planning to replace pipe in crawlspace with PEX but concerned about mice chewing through it and causing a major leak. Not sure if the answer is
a) nothing I can do about it, 
b) put a wireless water meter to help detect leaks on it (how does this work for a rental where the internet is theirs?)
c) Cover the joist bays that the pipes run through  (with what? plastic? wood? Foam?
d) set mouse traps and check them often (not a set it and forget it option and dead animals can stink, hard to check traps in a crawlspace regularly no?)
e) something else?

*( Youtube Shawn Woods - How Small of Hole Can Mice Fit Through? Proof Mice Can Squeeze in a Hole Smaller Than A Dime) 

If I have a property management company that manages all my rentals, and a separate holding company that holds all my buy and hold properties as my main form of investing, if I find a property that I want to purchase and either eventually decide to flip, or know I want to flip it from the beginning, are there any things I should consider in doing it within my property management company LLC or should I have a separate LLC for flipping properties?

The idea is flipping or assigning properties that I come across that might not fit my buy and hold buy box estimating 1-4  a year. 

Once I know I want to keep a property I am assuming keeping it inside my holding company is what would make the most sense. Just not sure about flipping.  Thanks in advance for your thoughts and ideas.  My goal is not actual legal advice just general things to consider.                                                                                                                                          

any future events happening?

 What if you just want to be able to wholesale deals you find that don't fit your buy box?  Would that count as representing yourself in the transaction since you aren't trying to be one of many wholesalers in a company or trying to primarily wholesale? (Its more of a backup?) @Joe Norman

also I noticed someone said two or more times in 12 months... so, basically you can wholesale assign a contract once a year?   

Given new loan changes is delayed financing still a thing?  12 Month Seasoning change anything? 

I know many people will say that coaching/courses arent necessary, and I can understand that. I do want to ask though, out of all the coaching programs out there, are there any that people would say bring an appropriate amount of value? Do they a have a typical framework for all of them or are there major recommendations on getting the most value from them? Thanks in advance for your thoughtful and kind responses. 

I have heard of some of these:
BiggerPockets Courses
Ryan Pineda
Pace Morby Sub To and Gator
Tony Robinson - Alpha Host (STR)
Rob Abasolo - Host Camp  (STR)
Phil Putsjeovsky
Sherman Ragland
Joe Asamoah

I appreciate this acknowledgement. Sometimes there are people on the forums that have great knowledge... but translation of knowledge is so important as well.  

It seems that transactional lending has come back up as a hot topic because of Pace Morby and the "Gator Method" and people wanting to become "Gators"

It also seems like it is paired with JV Joint venturing, and can involve "lending" EMD for new wholesalers etc. Lot of interesting comments on this BP forum discussing it and the legal and financial risks involved.

Its crazy this was a topic 14 years ago and look now!

 Theres a book called Lend To Live in the BP store, goes through a lot of detail. Might be too beginner, but may also have some points to cover or options or other ideas for you.