Sara Lung
Usury? Contractor charges 2% a month on his work
26 September 2013 | 14 replies
On the other hand my dad was a contractor and spec builder and getting some people to pay when all was done and done top notch was like getting blood out of a turnip, so my mom would send the bill and tell my dad I'm mailing another bill to the turnips.
Brian Burke
Just bought a 140 unit property. Here’s how I financed it (thanks BP!)
8 February 2014 | 94 replies
The last insane run up allowed him to sell to someone with deep pockets who funded his original plan A exit of selling all.After resting as one of the top RE agents in my area, he just bought a college rental, I guess it just is in his blood.
Patricia Franciulli
contractor madness
2 September 2013 | 76 replies
I hope he doesn't sue you, but if he does it will cost him at least $150 to file, and it will cost you to answer, and if you hired him to know he not licenses you, and him could get a ticket, and if you win you will not be able to get blood out of a turnip, but if he wins he can cloud the title to the home, and a labor lien is a tough lien to bond around or get rid of without paying to get the lien remove.
Nick Matteson
Do you count the principal paydown portion of the mortgage payment as an 'expense' or 'income' or 'neutral' in your cash-flow analysis?
21 April 2016 | 11 replies
Sure, the net effect is a gain, but eventually this will become unsustainable unless you have immense cash reserves, because cash is the blood that keeps a business running.
Nick Frankus
Negative cash flow in lieu of principle only payments?
21 August 2013 | 17 replies
Too low for my blood, and I'd pass - but not too low for everybody.I'm just saying - the deal is probably priced on the high side, but the terms are clearly AWESOME - the opposite of what some people seem to think.
Peter Lambert
Real Estate Note - Borrower constantly late, ideas?
10 January 2014 | 69 replies
As a matter of protecting yourself be aware there are lines that get blurry and their are borrowers (and lenders) with attorneys at their side that will draw blood if they can and if things go down a path that brings the idea to the forefront, they likely will.
Brian Giambastiani
New to BP!
11 September 2013 | 11 replies
While this book was very informative and enlightening, stocks and bonds really didn’t get my blood pumping.
Brent C.
Real Estate Investing Vs Investing in your own Company
28 May 2014 | 12 replies
Often giving a large opportunity for someone to come in and turn it around with new blood.
Sorab Gakhar
Just bought a Fourplex and what do i find?
19 September 2013 | 27 replies
If it was a short sale & the owner was insolvent...you might not be able to get blood from a stone.
Matt Campbell
Murder House
21 September 2013 | 23 replies
It didn't matter how much I tried to rationalize it away, it took several days for me to get past it.So, I think a lot depends on what actually happened: Was it a major blood bath or jealous husband?