Gregory Banks
Basement crack repair estimates - who to trust?
1 January 2025 | 11 replies
Whether that is most contractors, hiring an engineer, or getting self-educated.
Steve R.
Evicting tenant who's made partial payments. Do I need to give them 30 day notice?
18 January 2025 | 3 replies
Tell the tenant you will only accept payment in full with certified funds.3.
Micki Ray Harper
Must an evicted squatter be given notice in a quiet title process in Alabama?
29 January 2025 | 9 replies
If we can't get an address to either party to mail a certified letter then a private investigator must be hired to locate them.
Rahul Grover
Hourly/per-showing contractors (agents?)
29 January 2025 | 4 replies
Does anyone know of any folks in the Austin, TX area available to show properties to potential tenants? I manage properties remotely and can handle all the leasing/management pretty easily with my team. Just need some...
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
James Syed
5 Day Notice Illinois
5 January 2025 | 18 replies
I sent her a 5 day notice via certified mail with return receipt requested because she wouldn't answer the door or answer my phone.
Neeta Agrawal
Asking for Security deposit after 1.5 yrs
4 January 2025 | 7 replies
Now, over a year and a half later, he sent a certified letter last week demanding the security deposit or legal action within 30 days.Please advise.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
Advanced QuickBooks ProAdvisor was introduced in 2007, to get certified the requirement was: one had to be certified for 3 years in a row and had to attend 2 day in person and online courses.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
I already have land holdings near Everett that will certify out at 304 salable density bonus credits.To play this game, I get certified and then "clip off" the transferable development rights for sale to urban developers in the county, who can cash them in for an increase in dwelling unit density from an original 22 units/acre to 58 units, and building heights from 45' to 75'.
Paul Gupta
Contractor licensing requirements in DC / Maryland
29 December 2024 | 2 replies
Quote from @Paul Gupta: Hi, in California, For jobs requiring a license, there was CSLB (contractor state licensing board) which would give either a General Contractor license, or specialty licenses by trade (~60 specialties such as concrete, welding tile, ) https://www.cslb.ca.gov/about_us/library/licensing_classific...My Q: does Maryland and DC area have similar requirements?