John McKee
Looking back on 2024
3 January 2025 | 7 replies
The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
If it does you have zero asset/income, a much larger debt secured by your personal residence, at just the time you probably also lose your job due to economic conditions, and all those nice folks teaching you about sno ball, infinity, you’re your own bank, etc., will be long gone.
John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
These companies should abide by whichever deadline falls later.Reporting companies that are created or registered in the United States on or after January 1, 2025 have 30 days to file their initial beneficial ownership information reports with FinCEN after receiving actual or public notice that their creation or registration is effective.As indicated in the alert titled “Notice Regarding National Small Business United v.
Zachary Kessler
Section 8 Rentals
24 December 2024 | 5 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
Jesse Streng
Detroit Property Manager
4 January 2025 | 20 replies
* What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits* How familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?
Michell Chase
Inherited tenant on purchased property - seller didn't collect security deposit
12 December 2024 | 3 replies
In the lease it states that a security deposit of 1 months rent was collected.
Greg Weber
Has anyone done business with this company or person
19 December 2024 | 37 replies
No, it was secured but apparently he used the same collateral for every loan he took out.
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
For example I have an account for each property and a sub-account just for the security deposits for those properties.
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
Sure, but again securing $500,000 isn't difficult.That said, liability coverage is lawsuit protection coverage just like it is for you.
Frank Harris
Does anybody have a New Build with Blacktip Construction Group in Cape Coral Florida?
27 December 2024 | 93 replies
We have not been able to secure financing and had conversations about it.