Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Now if try tailing the entity on deed "up-stream" come to find it's a meandering trail of breadcrumbs, come to find they themselves are debt loaded via notes on properties to other entity, that again is a meandering trail ending in WY entity behind a wall of ownership interest in such so never get peoples names.
Kristin Solbach
STR to LTR - is it possible?
14 November 2024 | 30 replies
Don't let the tail wag the dog.
Emory Clayton
How have you done pet screening?
4 November 2024 | 11 replies
Is it what they're face resembles, how tall/short they are, short/long tail?
Tom Dean
Suggestions for STR location between $250k - $325k?, southeastern quadrant of US
8 November 2024 | 38 replies
The tail wagging the dog is usually a bad idea.
Pete Schiebel
Is it common to require first and last month's rent for new tenants?
30 October 2024 | 12 replies
If your local law allows it, see what everyone else is doing and go by the norm. 3 months rent is a substantial amount for some, but really helps ensure the financial quality of a tenant.Sometimes I have immigrants who apply who work their tails off and can't afford the 3 months up front.
Deborah R.
Hurricane advice - LTR flooded
5 November 2024 | 39 replies
I understand your point but but strong language like that, combined with the overexaggerate of the news and their storms of the century that actually never happened put out a little bit of a unnecessary fear out there , I get it tho , there’s some truth and practicality to it , I must admit the high insurance costs and hurricanes have caused me to rethink the investment location, but I’m not gonna tuck tail and run in fear quite yet because who really knows if this is the new normal, and even if it is people live and invest in Florida coasts because it’s Paradise for most of the year and they love it and accept the risk .
Haley Elisabeth
Sell our current business to start full-time flipping?
28 October 2024 | 30 replies
After the sale of the company, we have:9-15 months of personal expenses in savings to live off ofStart with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enoughOnce the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)Pros of doing this:No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flipUsing cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc.
Tekoa Glover
DSCR Not so Simple
23 October 2024 | 4 replies
Doing my DSCR has been a complete pain in the tail!
David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
Tails, you lose."
Stuart Udis
Are Wholesalers Really Your Golden Ticket To Succes??
17 October 2024 | 20 replies
I haven’t heard the story of the investor who rode the coat tails of a wholesaler to the same level of success but networking and building relationships with wholesalers seems to be prioritized over all others industry participants.