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11 August 2020 | 0 replies
Even those who have made a lot of money in a short period of time didn’t have the monetary discipline needed to reinvest and manage their money, so they ended up losing it.
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16 August 2020 | 13 replies
I routinely work with numerous organizations that have a 1000 or more corporate vehicles including LLCs where sequestration of liability makes perfect sense given the relative active business risks which are enormous and the relative costs of establishing and maintaining the structure are negligible.So again I say show me a small real estate operator that has been saved by an expensive and cumbersome legal entity structure that couldn't have been done it at least as effectively and much more efficiently through fundamental risk mitigation practices which disciplines one to act responsibly from the outset.In other words, running what are essentially passive real estate activities by retaining competent and professional management and a modest amount of insurance coverage (which should effectively limit risk sourced to the RE activity), and if you need additional coverage (for risk sourced outside the RE) get some ultra affordable umbrella coverage.Now I realize you won't be able to able to strut down the street pretending you are a player because you have an LLC, but it seems to be a very very small price to pay for not being played for a fool wearing the LLC trappings of a clown.
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31 August 2020 | 18 replies
discipline in sticking to the models.
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20 August 2020 | 6 replies
Looking for best practices on how to handle a neighbor who is threatening to file a harassment complaint with city against a tenant who has 1) screamed, disciplined and said in appropriate things (i.e. name calling, criticized their upbringing, etc.) to elementary age children, and 2) screamed at teenager after being bit by teenager's dog was in renter's property.
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21 August 2020 | 10 replies
Be disciplined in your personal spending, don't over leverage, and be willing to house-hack, and you'll win.
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25 August 2020 | 18 replies
You should probably start saving for a ring and get ready to prove to your new wife for a few married years that you have the financial discipline and personal commitment to her to follow through with your plans.
4 June 2020 | 11 replies
Straight forward, but requires hard work, consistency and discipline.
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16 June 2020 | 60 replies
See it’s nothing magical it’s very disciplined plans thoughtfully carried out. 2014 was still a great time to be buying.
18 May 2020 | 5 replies
The ability to make excuses based on the disruption of COVID19 is not ending any time soon, so if you can get him out without waiting for eviction courts and rent to a tenant that needs it, that is a better long-term plan.For the next time - late penalty, strictly define and enforce lateness - and if you think you aren't going to be able to pull that off in a disciplined and emotionless way, then get a good PM to do it for you.
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18 May 2020 | 6 replies
By my statement I simply meant a broker whose sole focus is DSTs, as opposed to maybe a multi-disciplined advisor who does it as one line item among many.