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11 December 2024 | 10 replies
A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.
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14 December 2024 | 101 replies
Some people were told to lie by more than 2x the actual income, even though the person didn't have a job and massive student loan debt.3) I looked into the proprietary network that has 29k members; it was quite odd how 99% of all message posts received 0 responses.
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5 December 2024 | 7 replies
In the meantime I will continue the search for a new PMC and talk to our lawyer with the intent of filing a suit since odds are it will be needed.
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11 December 2024 | 16 replies
@Jonathan Cooper - Sounds like a short-tax year is involved.
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10 December 2024 | 6 replies
Don't get involved at all in domestic violence - who stays, who goes, taking sides, etc.
8 December 2024 | 4 replies
@Tom EvansCongrats on the potential STR in AZ.As for a shared well agreement, they can be tricky (even when it does not involve STR usage).
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12 December 2024 | 49 replies
If the same people are involved, it doesn't matter.
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6 December 2024 | 11 replies
I've been involved in a lawsuit that settled right at a million dollars, and that was over 20 years ago.
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7 December 2024 | 1 reply
There is not enough meat on the bone to involve an agent or an attorney.
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7 December 2024 | 11 replies
I don’t know of any other opportunity where you can net $10-20K (in some cases even higher) per month on a single residential property.There’s usually plenty of room to bring investors in and everyone involved still win, even in todays higher interest rate environment.Financially, residential assisted living is usually a more cost effective option for families than alternatives.