3 September 2018 | 2 replies
This would also afford me the security of having around $6K cash flow monthly coming in from my business should I have some unforeseen “bumps in the road” with my rookie real estate investing but also afford me true potential to grow my real estate portfolio.Plan B is to sell my business and use the cash to purchase several multi-unit properties or even an apartment.
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6 September 2018 | 22 replies
I don't understand how people in a very competitive industry can turn down business - especially when I've discussed what I want to do in the next 6 months and told them I have secured my funding.
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22 September 2018 | 13 replies
@Glenn McCrorey the last time I went in a bank and mentioned your name, I was quickly escorted out by security!!
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12 September 2018 | 78 replies
18 USC 1344 - Bank FraudWhoever knowingly executes, or attempts to execute, a scheme or artifice— (1) to defraud a financial institution; or(2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.
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3 September 2018 | 0 replies
We do not currently have the funds to absorb a failure of the heating system, but there's enough income to budget 10k annually for capex and still hit a 10% cap rate, so it's something we could remedy within the first year or two.I reached out to a business contact and asked if he would secure contingency funds in exchange for a percent of AFFO (basically, we'd pay him a portion of the income in exchange for the right to use him as a private lender in the event that one of the systems failed before we replaced it).
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8 September 2018 | 13 replies
We installed a security camera and she’s flipped us the bird twice today.
18 September 2018 | 2 replies
I just came across this site which looks promising, but I can't speak to it as I literally just found it on the web. https://www.americansnowbird.com/ As far as what to charge, at least in my area I charge less for the winter than the summer but at a monthly rate.Good luck!
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24 September 2018 | 147 replies
this will keep you out of the hood this will give you a nice shot at safe secure investment.. and maybe god forbid some gambling appreciation.also will tend to have better schools and because your buying right at or close to the median you actually have people buying homes to live in as owner occ which stabilizes the area and keeps the thefts down. when you buy at the bottom of the median or 50% of it or less.. what does logic dictate.. same with rent.and if your sitting on the west coast not really knowing or in Sydney or Hong Kong.... quality of tenants does not move DOWN exponentially with values and rent rates.. it does the exact opposite it get riskier and riskier.
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5 September 2018 | 5 replies
You didn't ask about this, but be careful with putting private info like SSN in them, they are not very secure.
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5 September 2018 | 19 replies
I would not view this investment as a "retire early" but rather a secure investment for your older years.