25 May 2024 | 4 replies
Account Closed Some might view wholesaling as ethically problematic because the wholesaler doesn't have a duty to anyone but himself and is thus incentivized to make the worst possible deal for both the seller and the buyer in every transaction.
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25 May 2024 | 11 replies
Equity - my 800-900k equity is currenlty producing, 72k liquid cash per year, 40k principle paydown per year.
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27 May 2024 | 28 replies
I hope you like smokers, because they all smoke like chimneys and have no regard for flicking butts on your property....eventually my parents went on a trip and of course the sober house people had a perfect view of them loading up their luggage, and what ya know after 25 years of not a single crime...they were burglarized, by a homeless junky ******* that was friends of one of the residents or was a previous resident....The sober house operators were ******** and not cooperative....their are more than a few of their patients were loud obnoxious gang banger types, giving the hard stares and intimidation types of attitude.Lastly.... on more a general note... the affordable health care act made some seriously horrible changes to the way insurance can deal with addictions....it used to be that their was a limit to how many sober claims a patient could make, and then the insurance company turned off the tap....now, a patient can relapse as much as they want and the insurance has to allow them back into another sober program...it essentially incentivizes the sober programs to fail, because it assures them a steady flow of repeat customers.Lastly, I found the few sober house operators that I came into contact with, during this time, to be vile phony insurance fraudsters and street urchins, acting like their title made them actual healthcare providers.Just my 2c...and sincerest apologies to the 10%(if that) of the industry that are a really providing a quality and ethical service.
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26 May 2024 | 102 replies
True again, but what if interest rates stay volatile for longer than expected, and the market stays locked up longer.Meanwhile the property is bleeding 6 figures monthly, and the added capital will only go so far, unless there is a major change in the interest rates soon, and that doesn't seem likely.They also say if we don't infuse more capital we may lose our principle too, as they will be forced to sell at a loss.
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22 May 2024 | 10 replies
Normally cash-out refinances are capped at 75% and of course, they will need to cash flow positively with principle, interest, taxes, and insurance.
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23 May 2024 | 35 replies
And it can certainly be done ethically.
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22 May 2024 | 1 reply
That said, I've stuck to residential properties, but the principles are the same.
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21 May 2024 | 58 replies
Lee leads with Christ and ethics.
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23 May 2024 | 80 replies
Systems or high level principles.
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22 May 2024 | 13 replies
What is the principle owed and the time period?