All Forum Posts by: Stephen A Binion

I had a tenant who’s son had a string of 5 minute visits.  I took dad and son to lunch. I explained that I’m not gonna involve the police if it stops today.  I told the kid to have his customers call and meet him at the Sunoco station a half mile away.  

End of the problem for me. 

I’d get in touch with the owner.  County tax records will tell you who owns the house. Take the owner to lunch. 

If the dealer owns the house have that same lunch with a narcotics detective.  Offer to pay for a cellular game camera so that he could monitor the comings and goings from that house.  

@Robert Goldman

https://goo.gl/maps/F6Ld8Dk69qoLLSZZ6

@Sara Ratliff

I’d take him month to month. Perhaps 6 months lease would work too.

Ten years is long enough to have pulled his head out of his hind end. He may have just gotten sneakier though.

Buy furnace filters and swap them out each month. He might be legit, he might be growing 420 in the rental.

@Stephen A Binion. BTT. No one??

How would one use the Brrrr strategy inside a Trust?

I own two houses inside a Self Directed IRA. They are owned free and clear. I want to build the portfolio using Brrrr.

@Michael Henry

Scrap the shared dryer and washer. Let the tenants buy one.

@James Wise. Indianapolis has an airport. If you are buying a turnkey house you should absolutely fly out and see it.

He sounds like a fraud, but people should do due diligence.

@Dale Abella.

Nope

Nope

Nope

Nope

Nope

The quickest way to ruin a friendship is to rent them a property. Perhaps as a roommate. As a tenant it will not work.

https://www.digitalmusicnews.com/2019/05/22/kurt-cobain-paper-plate-auctioned/

22k for a paper plate he wrote on. Air BnB that thing man. You could make a fortune off that rental.

@Daniel Lynch

I was a Marine. Don’t get mad as I’m a bit crass. The two of you should split expenses and she pay rent or she is paying it in other ways.

She is a girlfriend, not a lady of the night. Treat her with the respect that you should. People, especially family will look askance at her not paying rent.

A wife taking care of your children needn’t pay rent. This is normal behavior for a stay at home mother.

I am assuming she has a job and isn’t disabled.