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25 August 2019 | 11 replies
Chances are a slip and fall will cost less then 2 million - even if a judge finds you at fault (remember, your property is up to code, you have handrails at the stairs, you have a snow/ice service etc) Also, you are leveraged, so you don't have a whole lot of equity/net worth to come after, which makes it less attractive for an attorney to take on a lot of work, for maybe a little payday.If all that is not enough, set up an LLC - it acts like a firewall if done correctly and contains the financial damage within the entity.The other way round, here is what NOT to do: own a 3 million dollar appartment building free and clear so it's pure equity to go after, in run down condition, with burnt out lights and broken handrails on an icy winter day and nobody comes to salt, next you forget to pay your insurance and of course you don't have an umbrella policy.
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25 August 2019 | 23 replies
@Caleb Heimsoth thank you for your concern Caleb much appreciated but as i said i am learning the ropes of turn key properties which i read about on brandon turners book the book on rental property investing. it all sounded great and understand that there may be not good deals and what not but if by chance there can be just one out of a 100 than that’s all i would like, why not you know?
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3 September 2019 | 6 replies
I can tell you what NOT to do: DO NOT spend $20,000 or more for guru mentoring.
22 August 2019 | 3 replies
Let’s say inthe future after a long loving marriage with lots of kids and what not, I pass away without a will or anything like that😢.
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29 September 2019 | 10 replies
The walls have crayon writing on them from the children and what not.
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26 August 2019 | 7 replies
I was wanting like there financial background info like income and what not.
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24 September 2019 | 21 replies
There are a lot guys that start out being passive, learn the ropes through the passive investment of what to do and what not to do and then graduate into the active role.
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2 September 2019 | 11 replies
My DTI ratio is about 40%, I have lots of student loan debt, and I cannot currently save but maybe $100/month.After listening to tons of BP podcasts, it seems like most of similar people in my situation had no idea what they were doing going into their first deals...besides knowledge of terminology and what not.
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3 April 2011 | 8 replies
I know when I open my mailbox, if the envelope is handwritten, I will open it no matter what. Not