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29 January 2025 | 6 replies
It would be better to open a new card with 0% interest on balance transfers, move your debt to that card, then pay it off like a mad man before interest is charged.Your scenario indicates you aren't financially disciplined.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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30 January 2025 | 2 replies
This unit has already been indicated by the city that it can be approved as a 3rd unit.
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10 February 2025 | 10 replies
A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.
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17 February 2025 | 10 replies
My first one for a while was indicating he was going to catch me in RE value and his projectory was that he would, but his last transaction was not a hold.
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11 February 2025 | 7 replies
The f/f residential conventional rules indicate a quad with ADU does not qualify.
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3 February 2025 | 11 replies
All messaging said "soon", when generally there would be some sort of notice or indication things would change.
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18 February 2025 | 8 replies
There hasn't been a lot of recent case law to indicate how the IRS is leaning right now.
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28 January 2025 | 3 replies
I’m interested in how others evaluate and track down these kinds of properties, especially from a distance.For example:When looking at distressed properties in other states or cities, what are your main indicators that it’s worth pursuing?
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23 January 2025 | 4 replies
Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.