All Forum Posts by: Stephen A Binion

@Enyi Ajoku

I had a tenant with an 18 year old son. I was working in the duplex unit next door and the kid had a dozen 5 minute visitors.

Now back in the day I knew folks I could visit for five minutes. They were selling weed. I’m not stupid.

I sat down the street and recorded it on camera. I showed the video to his dad. His dad put a stop to the idiocy.

Smoking weed, mind your own business. Selling weed? That is your business. A landlord in Chillicothe Ohio lost her house as a public nuisance due to her tenant selling drugs out of her house.

We need to start a group.  Just meet at a coffee shop somewhere.  

Not a new investor. I've been a landlord for a decade but not crushing it. Had I known of the BRRRR method then.....

First deal was a duplex that was bank owned. County taxes had it as a 2  11/2 on each side. At 64 k it seemed expensive for the area. I drive by and looked. It had too many bedroom windows to be 2 1 1/2.  I got access and sure enough it had 3 beds 1 full bath and a half downstairs. Also had finished family roms in the basement.  

I bought and held for a while till the neighborhood started to drop. I sold at 110k due to the bedroom count going up but not the taxes as the county didn’t get informed of the error. 

I have 4 single family homes near my residence and a farm with a double wide mobile home on it 45 minutes away. All are free and clear  

In the very near future I'm going to increase the number of mobile homes at the farm as there is a septic tank for 2 more trailers and Refi my owned houses to BRRRR some more near me.

I have a tenant, a family member, on direct deposit to an account for his rent. It is a beautiful thing.  I took his rent and divided by four. I get slightly more rent as I get 52 weekly payments and he never has to worry. 

yes I bought tickets in a pool.  We even have a guy from New Zealand in the pool. 

I realize it was money flushed down the toilet. I’ve wasted more on stuff other than the lottery. 

I understand that my probability to win didn’t really change, the possibility does change once you buy a ticket. Between 4 people we bet 46 bucks. 11.50 a head isn’t enough to lose sleep over. 

1,600,000,000 is a boatload of money though.  Why not waste a few dollars on a dream. 

My dad had a couple of pads for Mobile Homes on his acreage. When he passed I inherited his tenants. One guy had dogs. I knew there were several. One day he moves out and leaves 23 dogs. The dog warden caught 22 of them and one would always run away. 

I’m left with a trailer I can’t give away and 23 dang dogs. 

I can smell the Grow House from here.  She has been to prison for 420. She has a pocketful of money from the sale of 420. Your electrics will be a mess and the house will mold from the moisture from the plant transpiration.  

@Kenny Dahill. I have a tenant that is a paycheck to paycheck kind of person. He asked if I could take direct deposit to a bank account weekly. I said heck yes. I divided mostly rent by four and told him his weekly amount. I opened a bank account just for him and got an extra 100 bucks from the bank for opening the account. Then he filled out the deposit paperwork at his job. His rent went up 9% and everyone is happy. Once a month I go and withdraw all but one dollar.

@Michael Medeiros. I’ve done it myself and had a lawyer do it. Lawyer was the best 600 bucks I ever spent.

@Colby Mulry. Is their lease up in a month? I would give them a notice to quit at the end of the lease.