Hemal Adani
Anyone has invested with Open door capital? How was your experience?
22 December 2024 | 105 replies
I interviewed another Syndication and appreciated the fact they said 1) They never lost any of their investors money 2) They aren't currently entertaining deals until they are more solid on the market's direction. 3) their Exits are designed much shorter than ODCs.
Mike Sfera
filtering out older homes
10 December 2024 | 7 replies
Mainly I’m trying to avoid “aged poorly design” glassblock walls, small bedrooms, older windows (wood/aluminum, single pane), aluminum patio covers, and to a lesser extent landscaping.
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
The designation means no one can live in them.The vacant dilapidated house at 915 Dauphin Street meanwhile was listed as having a market value of $200,000 in a February 2020 RAD document, about three years after the DDH Fund paid $27,000 for that property when images on the Atlas property data website show it was in better condition.
Hussain Harun
Switching FROM Quickbooks to other accounting sofwares (Xero, Freshbooks)
15 December 2024 | 25 replies
While Quickbooks is great, it's not a software designed for real estate investors like Baselane is.
Keetaek Hong
Quickbooks .. or NOT for STR
9 December 2024 | 7 replies
Designed for STR, reasonable, intuitive, great support.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
I took title to each in a separate series of my LLC, which is the same as per entity protection as having each in a separate LLC but with the organizational and accounting costs of having a single LLC.In the case of each I carried hazard and liability insurance for the INTERIOR of the condo while the HOA carried insurance for the “common” areas, including structural.This particular condo was on the second floor, with retail and office space directly below.
Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.
Matt Stull
Buying a STR in Red River Gorge
11 December 2024 | 8 replies
Ooh, just met an operator there and they're doing really well. https://www.bearbranchcabins.com/Sounds like the A-Frame design is doing much better since that's a trending renter demand.
Tyler Rayman
Out of State “Mid Term” Month to Month, Furnished Rentals
5 December 2024 | 18 replies
Once you get through move in, the day to day management is pretty hands off and easy (famous last words, but so far, so good).Other than that, get a second opinion/eye from someone you trust - preferably a professional designer - on the furnishings and design.
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Summary: Portfolio product with 1% minimum down payment and no PMI requirement designed to benefit those heroes who serve and protect our communities.