Joshua Kaufman
Commercial Late Fee calculations
5 January 2025 | 3 replies
The least states:"Tenant shall pay a "late charge" not in excess of five (5%) percent of the amount in arrears for each month the arrears remain unpaid if any Rent is paid more than ten (10) days after the due date thereof, to cover the extra expense involved in handling delinquent payments.
Nicholas Santangelo
limited partnership flip deal
9 January 2025 | 2 replies
As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.
Jay Hinrichs
New laws in Oregon now define who can wholesale and what license is required
9 January 2025 | 46 replies
I know your involved at a high level with Board of Realtors and state regulators ..
Pankaj Malik
Tenant threatening to sue and wants to extort money
16 January 2025 | 7 replies
I involved insurance, remediation, restoration and they all did their part and finished in 2 weeks.
Jenna Schulze
Investing in College
4 January 2025 | 4 replies
I am starting to get involved with real estate investing, but I am only a college student, so I do not have the income to place a 20% down payment for most properties.
Elijah Berg
36% Rent increse Two weeks Into First duplex as a 19 year old Investor
4 January 2025 | 23 replies
Don't confuse the two.You're 19, good for you to getting involved but keep it trim.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Susan Sheraton
Service Link - THE ABSOLUTE WORST
11 January 2025 | 1 reply
Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.
Melissa Compton
MTR / LTR Tech Stack
8 January 2025 | 0 replies
Our current tech stack is a mix of Buildium (very clunky), Breezeway (great, but limited without a PMS), Xero and Google Suite tools with lots of spreadsheets involved.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
15 January 2025 | 19 replies
Make sure every dime is deposited into the trust account.Private lending, like syndication investing, doesn’t involve many transactions.