All Forum Posts by: Robert L.

Be very, very careful investing in syndications...I made the mistake listening to what sounded like successful sponsors on youtube and podcasts and my first syndication turned into a foreclosure, little transparency and money is now GONE. I'm a syndicated investor.

If you are not familiar intimately with what is going on with the investment, be very very careful. Don't believe everything you hear. There are sponsors (on this thread) that I got burned from and the blame is on the economy and interest rates. I don't buy that and need to see where my money went. Message me if you want details.

I have a deal where there are 2 fix-and-flip houses on a single lot...each has it's own electric and sewer, but they are combined in same legal description 

What would be involved to break it up in the county to sell individually as 2 separate houses? 

Not sure if that is more profitable for a flipper Or sell it as a bundle and the investor can Rent/AirBNB/PadSplit it out

Thoughts?

Thanks,

Rob

The original lease is with my company and the tenant so it's all good. A letter for reference is all that would needed. Thanks so much for the feedback

I am taking over property management of my property from property management company, but don't mind keeping their same lease.

Do I need to create a new lease (same terms) now that I am new manager or can I just keep the same lease and it can hold up in court if I need to evict tenant, etc?

Thanks,

Rob

Agreed! Definitely hiring a professional. Thanks

There is a rotting maple tree on my property that could be a risk to the neighbor's house or livelihood, not to mention the risk to my tenant and my property.  Well, the tenant says he is VERY experienced to cut it down and just needs to rent this equipment from Sunbelt  Rental for $300 and is willing to sign any waiver that says owner is not liable if he gets hurt. 

I feel it could still be risky if he gets hurt from doing this, if the landlord allows or even pays him for the labor. Even if he signs a waiver or agreement NOT to sue the landlord, would you hire a tree company no matter what for a higher price or is it safe to let tenant do this work signing proper disclaimers/waivers that landlord is not responsible.

Thanks in advance,

Rob

@Gene Koslove Yes, I have been using it for over a year for my business--one of the early adopters (actually) and even have a testimonial with them.  If you want, I can schedule a short screen share with you so you can see things from MY personal account.  If you (or anyone) wants to message me, I have videos (search 'Rob Lam reireply' on YT) to show you of my account and tips and tricks that have helped me thrive. 
Thanks

What do you all think of this technique?

An experienced investor tipped me off on a killer technique he used to buy a property and wanted to get feedback on this.

"He just did a personal loan to a person to catch her up on her taxes. Since he can’t do an owner occupied mortgage due to Frank Dodd, he put the house in a trust with him as the trustee. She is the primary beneficiary and has the option, but not obligation, to pay him back at 15% interest. If she pays him back then he is removed as trustee and has no further beneficial interest. If she doesn’t pay him back then he becomes the sole beneficiary.

The owner gets to keep their house out of tax deed sale, and if they pay him back he makes 15% annually, or him or his kids will get a house some day really cheap. "

I know this is an old thread, but I actually got the 'latest' program if anyone wants to ask for feedback or interested in buying it...or if you already have it and are implementing, wouldn't mind masterminding ;-)

Thanks

Rob