19 May 2024 | 8 replies
They are collecting interest, a little less than if properties were paid off, but feel secure about the cash and if I do need to pay off the properties, I can.
19 May 2024 | 2 replies
However, since the chances of collecting on the judgement are small and your costs to travel for the hearing is large, it may not be worth doing that.

19 May 2024 | 90 replies
I've seen it done two ways:Flat rate lease - The operator signs a lease for a flat rate and runs the business collecting their rent and care fees from the residents.

20 May 2024 | 10 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

20 May 2024 | 6 replies
I collected 25k that month.

20 May 2024 | 12 replies
If you are young and have not collected kids, dogs, and commitments, I'd suggest putting your head down, delaying gratification, working your a$$ off (get a second job, drive for uber, deliver pizzas, buy a pressure washer and knock on doors asking to pressure wash driveways, etc.), living off of next to nothing, and looking up in 12 months to re-evaluate.

21 May 2024 | 138 replies
It does NOT mean that if you buy a Safeharbor 401k document that you're "safe" from severe IRS & DOL penalties if the plan is not operated compliantly.From a plan design perspective, "Safe Harbor 401k" is often NOT the optimal design and results in unnecessary costs to the business owner AND missed tax deductions.

19 May 2024 | 24 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

19 May 2024 | 6 replies
We, collectively, resolved the issue with tenant parking the vehicle off-site.

19 May 2024 | 17 replies
The optimal plan of action is determined by your personal objectives, level of risk tolerance, and state of the market.Good luck!