., cleaning and utilities that tenants were supposed to cover).Communication with the management team deteriorated.Tax documents were incorrect and required significant effort to amend.We began experiencing financial losses.Conclusion and Legal ActionWe sold both properties in Chicago, to halt further losses.Kevin stopped repaying the second loan—interest payments ceased completely.Multiple outreach attempts via phone, text, and email have been ignored.We are currently seeking legal counsel to recover the unpaid loan.The loan includes a personal guarantee from Kevin Dugan.Public WarningKevin Dugan presents himself as a real estate investment expert on Instagram.In our experience, his business practices were unethical and unsustainable—seemingly using new investments to pay off old debts ("robbing Peter to pay Paul").

Hey fellow landlords,

I hope you’re all doing well! I recently purchased several appliances (a dishwasher, stove, and microwave) from Lowe's for my rental property, and I'm at a crossroads on whether to invest in t...

Quote from @Shango Collier: When purchasing through SDIRA for a rental property would you also have to seek out commercial lending since you (yourself) can not personally guarantee it? 

Hi everyone,
My name is William, and my wife and I are both teachers who are excited to begin our real estate journey. Recently, my dad gifted me a flag lot in Irving, TX (zoned R-6 Residential), originally with the ...

This is ideal for buyers with poor credit or those seeking flexible terms.2.

What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF?

Readers should seek professional advice.Great information providing clarity.The one thing I’ll add is that having an LLC own the property enables the investor to choose the LLC to be taxed as either a corporation or S corp.  

If this type of tenant becomes elusive, we would seek more long term agreements.

There are lots of threads on here of those seeking the cash flow and finding only a pit.

Hi everyone,

I’m a Spanish national, waiting on my ITIN approval (and planning an E-2 visa application down the road). My U.S. partner and I set up a 50/50 LLC to acquire a property with a $50K bridge loan. He agre...