Brian Schamp
Post Hurricane Challenges
13 January 2025 | 2 replies
That one is a big deal for rebuilding.I've also heard of property tax reductions for properties significantly damaged during the storm.Depending on the property and what you want to do, the hurricanes affected property tax, insurance, and permitting in a lot of ways.
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
23 January 2025 | 9 replies
For instance, in my private lending, I dont really give a numerical credit score much weight, but I absolutely look at the composition and history of the individual tradelines on a report if the borrower is a smaller outfit, such as a single member LLC or similar solopreneur-type operator.
Steven Catudal
Partnership split help
20 January 2025 | 11 replies
Some items might hold more weight than others, but you guys should sort through that together.You also might just do the partnership deal by deal - sometimes jumping into a partnership before you have officially worked together is NOT the best idea...
Allen Masry
what happens to 500k
23 January 2025 | 26 replies
And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
I've calculated the lump sum costs to be $9,500 for buy and sell combined and a monthly reduction in cashflow of $347 due to the new loan and taxes.
Carlos M.
$563,313 paid in interest in 2024
11 January 2025 | 4 replies
But if those payments feel like dead weight, Dave Ramsey’s “debt-free” mindset could be worth revisiting.Here’s a quick story to illustrate.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
Ask for its breed, weight, and name, and have them attach a picture.- Make the application part of the lease, with the stipulation that if they've lied in the application or in the lease, they can be evicted.- Tell them they have to provide documentation of the animals service / emotional support (as allowed by your local ordinances), and that they have to provide documentation that the animal is current with its inoculations, etc. as well as its local license before you'll permit the animal in the unit.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.
MIchael McCUe
Is debt relief a good idea, filing bankruptcy
9 January 2025 | 14 replies
@MIchael McCUe I get it, it feels like an incredible weight that you could easily lift with bankruptcy.
Brian Jackson
Most positive cash flow cities, tax friendly states, Landlord friendly states?
7 February 2025 | 41 replies
The owner occupant rate is super low compared to many states but as a rental it goes up alot.