All Forum Posts by: Valerie Kerste

@Nana Sefa Always, always get it. I had a situation with one of my properties just a couple months ago where there was a mistake. When the title company did all of the closing, they forgot to pay off one of the lien holders at the time that I purchased this building. That lien holder came to me via an attorney wanting their money back, which they are legally entitled to. If I did not have title insurance, I would have had to pay off that outstanding debt or they would have foreclosed on my property.

@Daisja Vance

"Business owners realize that debt isn't necessarily bad. In fact, using other people's money to help you make more money is critical. And it is how you can grow your business at a much greater rate than could be possible than if you had to fund all the capital out of our own accounts. And it is a pivotal concept in becoming a millionaire. Debt is just the cost of money".

~ Loral Langemeier

@Vicki X. NOOOO!!!! 🫣

@Emily Ziemba

Absolutely evict ASAP with attorney. Should have filed 3 months ago. ❤️

@Devan W. I avoid ANY sense of instability I assess in potential tenants... Additionally, if I sense that we will not be a good "match", I go with my gut. The one time I didn't follow my own processes and standards, my negative gut feelings came to fruition. It ended up being very stressful and expensive.

@Devan W. This would be a "No" for me. Go with your gut.

@Heeyeon Chung We just purchased a MFP with a similar situation. We proceeded with the purchase because we know what kind of profit the property will bring under our management plan and the profit margin will be great. 🙂

@Cody Thayer Or do a "subject to" since you still have a mortgage on it?

@Cody Thayer Post on Furnish Finders for a midterm rental

@Dan Heuschele Agree with all of this!! 👏