Patrick K.
Regarding a "loan partner" vs "equity partner"
20 May 2022 | 9 replies
What I will do is give you an illustrative story, and maybe you can bring your knowledge up a little.Big Apartments LLC - a manager managed LLC with two members.Member #1 is You (Patrick), the Manager (and also a Member), you have put $500 into the LLC and own 50 Membership Units (a 50% owner).Member #2 is your brother in-law (lets call him Richard Smith) he is not the manager (although he could be a co-manager but is not because that's the way you two want it).Richard has also put $500 into the LLC and own 50 Membership Units (a 50% owner).You two guys are 50/50 owners of Big Apartments LLC, evidenced by your Membership Certificates (which look a little like old fashioned stock certificates but are not stock shares).The company has $1,000 in the kitty and since Richard won at Poker last night he's flush with cash, $1,000.You and Richard agree that he can lend the LLC $1,000 (that's in addition to his already put in $500).Since this is only a loan it does not effect his ownership percentage of the company.
Andrew Thomas Vedder
New to Househacking
16 June 2023 | 10 replies
If one is a gamer that stays up late and the other is a crossfit coach that wakes up super early, may not be a good fit.
Mario Tavares
Condo in Las Vegas
26 April 2023 | 4 replies
Poker players fill the city during The World Series of Poker and pay top dollar for "cool" properties that are close to the strip or in high end areas.
Bill Gulley
Smart Phone For Dummies
14 April 2013 | 30 replies
No, I'm not a big gamer, but when you have five minutes to kill, its fun to play a quick game.
Jessica F.
What to say when a seller asks "How did you get my phone number?"
14 May 2019 | 31 replies
Just a numbers game really..
Rick Bassett
Worst tenant ever - I missed a giant RED FLAG
1 February 2016 | 35 replies
Thing was, crazy dude got results but apparently in CA, if you get stuck with gamer tenants like one landlord client of the crazy eviction dude had with his beachfront condo and the 20 or so squatters there, common practice according to crzy eviction dude, who even found an illegal hooch still inside and called LAPD, is STILL PAYING THEM TO LEAVE!
Zachary S.
I'm Trying To Structure Creative Deal For 8 Unit Building
27 July 2013 | 5 replies
He learned why the seller was selling and the financial position of the seller - the seller was a successful professional poker player.
Christian Carson
Should I stop screening tenants' credit?
9 August 2013 | 16 replies
Tom Goans, you must be one heck of a poker player.
Angelo Wong
Statistical Significance of A Location's Well-Being
2 April 2018 | 17 replies
@Angelo Wong It's like a poker game.