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23 January 2025 | 5 replies
I singles out 3 routes, and due to funds limitations I can take only 1.1.
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14 January 2025 | 8 replies
We had an accounting system once that necessitated doing this - not ideal, but it keeps the assets and liabilities straight and AP is just an accrual until you pay the bill.
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17 February 2025 | 69 replies
When you say country subdivision do you mean outside city limits, or just not a large city?
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5 February 2025 | 38 replies
Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great
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24 January 2025 | 0 replies
Then, I spoke with several acquisition managers with very limited knowledge on how to evaluate a deal but this time, the company they were working for was sued by multiple homeowners for fraud.
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22 February 2025 | 48 replies
But he has clear advantage of getting much larger deposit (landlord in most jurisdictions is limited to collecting 1.5 or 2 months' rent payment, which he must place in an escrow vs. $8000-$10000 Scott can collect and use for any purpose the next day).
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1 February 2025 | 13 replies
I'll send you a PM to chat further. we have up zone that just happened a lot of parcels allow for higher limits.
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7 February 2025 | 12 replies
Since you prioritize appreciation over cash flow, focus on DFW areas with strong job growth, infrastructure investment, and limited housing supply—such as Frisco, Arlington, and Rockwall.
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17 January 2025 | 12 replies
Gordon is the owner, I doubt whether he could completely hide behind his LLC to protect personal liability.
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3 February 2025 | 27 replies
I'd recommend house-hacking a duplex or triplex if possible to help limit your living expenses.