Jeffrey Farkas
2nd lien foreclosure
17 January 2025 | 5 replies
Generally if a first is going to be paid off from the second position foreclosure, then the first must be notified in the complaint and the language will not be indicative of the foreclosure being subject to the first.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
Charging below-market rent could indicate personal use rather than investment intent.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
3 February 2025 | 74 replies
I also claim that the price and rent indicate it will not appreciate or have rent growth significantly better than inflation.I could not live on 100 of these (I admit to spending a lot of money).
Rene Hosman
Ask a MTR professional! Author of 30-Day Stay answers your questions
18 January 2025 | 16 replies
After doing research on the market (see above noted indicators) and creating an investor deck (mainly to prove to myself as the main capital provider.
Laura S.
Advice for 1st time landlord evaluating applicant
6 January 2025 | 5 replies
The credit score is the single best indicator of how one pays their financial obligations.
Garry Lawrence
Mass Shooting Near Property I'm About to Buy – Should I Back Out?
12 January 2025 | 7 replies
This will provide you with detailed information about the area's crime statistics, helping you determine whether an incident is an isolated event or indicative of broader neighborhood safety concerns,Take a moment to check it out, and you'll feel more at ease knowing the facts,
David F.
Co-op appraisal valuation
24 January 2025 | 9 replies
I did the below research a couple/few years ago (so info is slightly old) but never ended up doing one but for those who watch my posts, I have indicated it is high on my list for Q4.
Mark G.
What's Your Conversion Rate for Cold Calling Software-Generated Leads?
24 January 2025 | 12 replies
This is why people are getting pissed with cold callers and your seeing very poor response/appointment/sales rates with PS data.This is what Joel Bongco has stated alsoIts absolutely true and I can go further and quantify exactly how bad the data is using my own study comparing PS to county records.I compared PS preforeclosure leads to county records across 167 counties in Texas (67), Florida (50) and California (45) by running searches for both PS ad the County recorders datbase for the period 08/01/2024 - -09/30/2024 and found thatFor TX which i measure preforeclosure leads as all lis pendens, appoinment of substititute trustee (Not a NoD but used for a similar indication) and notice of trustee filings.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
I'm sure they're getting something out of it and I've asked tenants if they indicated they wanted to pay by credit card just to see where this is coming from.