John Stark
Cash Flow is king, right?
1 January 2009 | 73 replies
I had a tenant's father call me yesterday afternoon to tell me that his daughter had moved out (without notice) of one of my one bedroom houses (she allegedly moved out of town for a new job).
Omja Pete
What is the best way to handle this Deal: Hotel 1.6 m first owner seeks partnership 50% for 100k
11 January 2012 | 4 replies
issues are numbers are essentually on a napkin no real verification former flag allegedly inbetween 2 star level franchises seller has been trying to sell / auction property without high enough bid.Impression seller is trying to get away from a sinking shipOutlook: excellent location condition of property is a 7 from a scale of 1-10gross as stated to cover expenses including existing mort.
Ivan Oberon
Installment # 8 Insurance Issues for The Real Estate Investor - LIABILITY Continued
3 March 2015 | 0 replies
Installment # 8 Insurance Issues for The Real Estate Investor.LIABILITY - ContinuedThe type of policy ("commercial" or "personal") can affect whether a liability exposure is covered.As an example, the “generic” pollution exclusion found on most personal type contracts is addressed by some commercial policies to consider/cover pollution that emanates from a heating source (i.e. carbon monoxide).This is a greater benefit than you can imagine as your tenants even "alleging" that they got sick or injured can devastate you with defense costs, even if the ruling is in your favor.I have seen alleged injuries and sicknesses from pollutants in other situations and it is not pretty!
Mike H.
Any recommended rental property insurance companies in DFW/Texas area?
21 April 2015 | 2 replies
This coverage will offer defense and claims settlement for alleged or actual injury caused by CO2 emissions from a heating or air conditioning source.You can add a "personal umbrella" to cover your personal liability exposures of your home and auto, if your net worth justifies it, but you should keep any income producing assets separate from your personal liabilities.
Ken Rishel
Courts are Speaking on using MLOs and others as "Fronts"
8 March 2016 | 6 replies
The complaint alleged that the Defendants, not the bank, were the real parties in interest and the Defendants were not closely tied to the bank.
Drew Cameron
Government Grants
25 November 2019 | 1 reply
I have to say I am a bit skeptical because they tried to sell you on a guru who can allegedly get you thousands of dollars for your real estate goals.
Account Closed
Looking for a Quasi-Parnter in NC/SC
18 July 2016 | 3 replies
quasi-partner" synonyms:supposedly, seemingly, apparently, allegedly, ostensibly, on the face of it, on the surface, to all intents and purposes, outwardly, superficially, purportedly, nominally;pseudo-You want to jump in the deep end not splash in shallow side.
Trey Knight
Calling all multifamily investors
17 February 2019 | 71 replies
I believe this was something That came up in a BP podcast not too long ago and also in a Tony Robbins book that helped a ton.It’s the alleged warren buffet and the pilot story (I would look it up for complete details).
John Clark
Are there any good places Airbnb or VRBO data?
28 February 2019 | 11 replies
I looked into AirDNA and came to the same conclusion you did along with many online reviews alleging the same.
Alan Brouillette
Title Company's and Closing Wholesale Deals
26 December 2016 | 3 replies
To me, when you are trying to hide things from people in a transaction, it already starts to seem like it's getting into the "fraud" area.It may not be fraud - I'm not an attorney - but it doesn't give me a good feeling and in 95% of the cases the same thing can be accomplished with an assignment and all parties being on the same page at closing.In particular, I would never, ever do a double closing if the end buyer is using a bank loan to purchase the property (unless you yourself are going to fund the first transaction).Banks can and have worked with law enforcement to find cases like this and prosecute people, and people have actually gone to jail (yes, in Rhode Island, and yes that has included attorneys involved in various mortgage fraud related schemes).For some spine chilling reading, for example, see Providence lawyer, five others charged in alleged mortgage fraud scheme.