All Forum Posts by: Peter Sanchez

My sister lives out of state and has a couple of rental properties. She unintentionally let her insurance policy lapse and would like to add it back but her agent said her company is not writing new business right now.

Can anyone recommend a good agent or broker who can write her a policy, and do it all remotely since she is out of state?

thanks in advance

I would move on.  Unless they are going to reduce the price by several thousand dollars to do the eviction for them it's not worth it.  Right now, all your out is the inspection fees.  If you close, you will be out the lost rent until the eviction moratorium is over (at least December, possibly longer), mortgage payments, legal fees and a lot of stress and headaches. 

It sucks to eat the sh*t sandwich on a deal, but focus on finding the next deal that will make you money instead of trying to fix a bad deal. 

If you bought a copy of Harry Potter, that one is yours.  You can take pages out of it and it to your copy of Lord of the Rings, that's fine too.  What you can't do, is mix and match the books and then sell it.  Because they are not your intellectual property and you can't use them for profit without the author's permission.  It doesn't matter if you "Give JK Rowling credit."  She doesn't want your credit.  She wants you to not use her stuff except in the way that she has allowed you to use it by purchase. 

@Calvin Lockwood a real estate attorney who works with clearing up issues with a title (i.e. removing liens or getting rid of other things that cloud the title).  When you go to court for that, it's called an Action to Quiet Title. 

Anyone know of an attorney to quiet title in El Paso Texas?

Drop it.  Are you seriously considering forcing your way in?  What if you put the key in the door and they hold the door shut and call the police?  The sheriff said they won't help you, if they call the police and tell them that (during a lockdown) you (A STRANGER) is trying to enter their property with a couple of other people, during a pandemic, whose side do you think they will be on?  What if the person has some kind of immunodeficiency?  Do you think that person should endanger their life so that you can get 1/2 a percentage point off on your refi?  

Start with John Bogle's (founder of Vanguard) books on investing in index funds.  They are good enough for 90% of investors.  It's like hitting par on every golf course.  You won't play in the PGA, but you'll beat 90% of the golfers out there.  

If you want to dig deeper.  Avoid most of the crap and just focus on the legends, not the hyped books.  There are less than 20 books written by professional investors who are worth hundreds of millions (in some case billions of dollars).  Focus on those.  

Here is a great list to start with:

https://www.businessinsider.com/these-are-the-12-books-that-bill-ackman-has-his-analysts-read-2012-7

If you go down this path, save Ben Graham's (Warren Buffett's mentor) Security Analysis for last, it's the hardest.  Peter Lynch's book is probably the easiest on that list.  Or...Greenblatt's "the little book that beats the market", which isn't on that list is a good place to start (after Bogle). 

Hi Carla!  LOL

There is probably no best answer for this.  Some of it will depend on how the inspections go.  For instance, you need the electrical inspected before you put up the drywall because the inspector may not pass it if they can't see everything you did and you'll have to tear off drywall to give them access. 

For plumbing they generally (it's different in different cities) will pass the rough in inspection first, then you have to do the other stuff (like install the bathtub and fill it with water) and pass that stuff before you do the wall tiles etc.  

You probably want to take care of the structural stuff (foundation) and roof before you do anything inside.  If you have a leak in the roof, it will damage what you are fixing inside.  

I also don't get why a lead paint inspection is required EVERY year.  You either have it or you don't.  If you test your house for lead paint and it doesn't have it, why test again the next year?  If they don't sell lead based paint anymore, how on earth would it get in there?