James Park
New Landlord. How to handle a situation when tenant cannot pay the full rent amount
21 June 2012 | 51 replies
My weekends were miserable and felt bad for my wife and kids that my spirit was down.Through all this, I just had to step back and realize what my priorities in life are.1) Relationship with the Lord2) My health 3) My wife, and two boys.4) Business and money Back in Chicago... my business and making money was my 1st priority.
Bryan Hancock
Reg D Exemption In Jeopardy Using JVs To Capitalize Development Deals?
22 October 2011 | 11 replies
But I know a guy who was running a $100MM fund prior to the bust - let me tell you , they went through his fund and every aspect with a fine tooth comb - and this is not just because of lost money, they were trying to take the fund away from him and control it.There are so many ways you can get into trouble.
Elio Mariani
Holding property in LLC/Corp
25 November 2011 | 27 replies
Furthermore, even after the president was told of the lead paint hazards and violations and cited by the New York City Department of Health with an Order to Abate the hazardous conditions, he still failed to maintain the apartment in a safe condition and allowed the peeling and chipping paint conditions to continue, resulting in a second Order to Abate from the New York City Department of Health 4 years later for additional lead paint violations.Does this sound like somebody maintaining their entity in a reasonable and responsible manner?
Daniel Dietz
Using Life Insurance Cash Value while Investing Long Term
27 March 2012 | 3 replies
Protecting your family with proper insurance coverage is a critical component to your overall financial health.
Tony Nguyen
NNN Lease - who pays for HVAC and CAPX?
5 November 2011 | 5 replies
Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.
Danny Shore
closing costs & settlement costs
12 December 2011 | 3 replies
There are several unknowns on a purchae transaction most of the time, but we try to get as close as possible, so the borrower is not "shocked" when it gets down too the nitty gritty.
Geoffrey Murphy
"Rebuilding America" What would you do?
27 January 2012 | 15 replies
Provide more programs for Start ups.Remove The Cap on Social Security.Provide a "Rational" National Health Care Plan.Change Hiring Practices to make it nearly Impossible for Illegal Emigrants to get Jobs.Drug testing for Welfare.Restructure food stamps to be more like WIC.
Jason S.
FHFA Bulk REO Rental Program Impact
30 January 2013 | 24 replies
After all, they own all students through loans going forward, they make the cars, they own the banks, they underwrite 90%+ of new mortgages, they own your health care..... is anyone paying attention?
Mike GArcia
Assigning properties under a Trust to the end buyer.
12 February 2012 | 1 reply
The one question i get is "How can you assure me that you are not going to sell the beneficiary interest to othe investors" What can i do so these investors wont feel more secured when buying my deals.
Sean H.
Collecting late payments via Credit Card
20 October 2014 | 22 replies
In 2011, my company's 'root cause' for evictions and abandonments were job loss, health related, and domestics (divorce, separation, etc.) in that order.